DB Gold Short ETN (NYSEARCA:DGZ) Short Interest Update

DB Gold Short ETN (NYSEARCA:DGZ) was the target of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 12,679 shares, an increase of 356.1% from the June 30th total of 2,780 shares. Currently, 4.0% of the shares of the company are sold short. Based on an average daily trading volume, of 6,434 shares, the short-interest ratio is currently 2.0 days.

DB Gold Short ETN Price Performance

Shares of DGZ traded up $0.23 during trading hours on Monday, reaching $5.67. 2,563 shares of the company traded hands, compared to its average volume of 9,323. DB Gold Short ETN has a 12-month low of $4.10 and a 12-month high of $7.41. The business has a fifty day moving average price of $5.84 and a 200-day moving average price of $5.40.

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.