DB Gold Short ETN (NYSEARCA:DGZ) Sees Significant Drop in Short Interest

DB Gold Short ETN (NYSEARCA:DGZ) was the target of a large decrease in short interest in August. As of August 31st, there was short interest totaling 4,929 shares, a decrease of 48.9% from the August 15th total of 9,655 shares. Currently, 1.5% of the company’s stock are sold short. Based on an average daily volume of 1,049 shares, the days-to-cover ratio is currently 4.7 days.

DB Gold Short ETN Stock Performance

Shares of DGZ stock traded up $0.05 during trading hours on Tuesday, hitting $5.19. 20,796 shares of the company were exchanged, compared to its average volume of 7,974. DB Gold Short ETN has a one year low of $4.10 and a one year high of $7.41. The business’s 50-day simple moving average is $5.45 and its two-hundred day simple moving average is $5.37.

DB Gold Short ETN Company Profile

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.