DB Gold Double Long ETN (NYSEARCA:DGP) Short Interest Down 86.1% in June

DB Gold Double Long ETN (NYSEARCA:DGP) was the target of a large drop in short interest in June. As of June 30th, there was short interest totaling 7,028 shares, a drop of 86.1% from the June 15th total of 50,502 shares. Based on an average daily trading volume, of 154,266 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.4% of the shares of the stock are short sold.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in DB Gold Double Long ETN stock. Redwood Investment Management LLC purchased a new stake in shares of DB Gold Double Long ETN (NYSEARCA:DGP) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 2,000 shares of the company’s stock, valued at approximately $201,000. Redwood Investment Management LLC owned approximately 0.13% of DB Gold Double Long ETN at the end of the most recent reporting period.

DB Gold Double Long ETN Price Performance

Shares of DGP stock traded down $6.77 during mid-day trading on Monday, hitting $128.89. The company had a trading volume of 163,208 shares, compared to its average volume of 154,102. The stock’s 50 day moving average price is $155.63 and its 200-day moving average price is $181.47. DB Gold Double Long ETN has a 52-week low of $96.79 and a 52-week high of $252.75.

DB Gold Double Long ETN Company Profile

The DB Gold Double Long Exchange Traded Notes (DGP) 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. DGP was launched on Feb 27, 2008 and is issued by DB.