DB Gold Short ETN (NYSEARCA:DGZ) Short Interest Down 49.0% in June

DB Gold Short ETN (NYSEARCA:DGZ) saw a significant drop in short interest in June. As of June 15th, there was short interest totaling 3,320 shares, a drop of 49.0% from the May 31st total of 6,515 shares. Currently, 1.0% of the shares of the stock are short sold. Based on an average trading volume of 6,289 shares, the short-interest ratio is currently 0.5 days.

DB Gold Short ETN Trading Down 1.3%

Shares of DGZ stock opened at $6.29 on Tuesday. The company’s fifty day simple moving average is $5.56 and its two-hundred day simple moving average is $5.33. DB Gold Short ETN has a 52 week low of $4.10 and a 52 week high of $7.41.

About DB Gold Short ETN

The DB Gold Short Exchange Traded Notes (DGZ) is an exchange-traded fund that mostly invests in gold commodities. The fund provides monthly inverse exposure to the performance of gold futures contract. The notes index selects contracts based on the shape of the futures curve to minimize contango. DGZ was launched on Feb 27, 2008 and is issued by DB.