DB Gold Double Short ETN (NYSEARCA:DZZ) Sees Significant Decline in Short Interest

DB Gold Double Short ETN (NYSEARCA:DZZ) was the target of a significant decline in short interest in the month of July. As of July 15th, there was short interest totaling 5,459 shares, a decline of 39.5% from the June 30th total of 9,016 shares. Currently, 0.3% of the shares of the company are sold short. Based on an average trading volume of 2,954 shares, the short-interest ratio is currently 1.8 days.

DB Gold Double Short ETN Stock Down 0.8%

DZZ traded down $0.01 during midday trading on Thursday, reaching $1.91. The company had a trading volume of 1,217 shares, compared to its average volume of 20,637. DB Gold Double Short ETN has a 12-month low of $1.48 and a 12-month high of $12.50. The business has a 50-day moving average price of $1.95 and a two-hundred day moving average price of $2.44.

About DB Gold Double Short ETN

The Deutsche Bank Ag London Gold Double Short Exchange Traded (Nts) (DZZ) is an exchange-traded fund that mostly invests in gold commodities. The fund provides -2x the daily performance of futures contracts relating to gold. The notes index selects contracts based on the shape of the futures curve to minimize contango. DZZ was launched on Feb 27, 2008 and is issued by DB.