DB Gold Double Long ETN (NYSEARCA:DGP) Sees Significant Drop in Short Interest

DB Gold Double Long ETN (NYSEARCA:DGP) saw a large decrease in short interest during the month of August. As of August 31st, there was short interest totaling 3,056 shares, a decrease of 73.3% from the August 15th total of 11,459 shares. Based on an average trading volume of 187,442 shares, the short-interest ratio is presently 0.0 days. Currently, 0.2% of the company’s stock are sold short.

DB Gold Double Long ETN Stock Performance

Shares of DB Gold Double Long ETN stock traded down $4.89 on Monday, hitting $151.89. The company had a trading volume of 119,883 shares, compared to its average volume of 152,976. The stock has a 50 day moving average of $147.99 and a 200-day moving average of $166.82. DB Gold Double Long ETN has a 1 year low of $117.07 and a 1 year high of $252.75.

Institutional Trading of DB Gold Double Long ETN

An institutional investor recently bought a new stake in DB Gold Double Long ETN stock. Redwood Investment Management LLC acquired a new position in DB Gold Double Long ETN (NYSEARCA:DGP) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,000 shares of the company’s stock, valued at approximately $201,000. Redwood Investment Management LLC owned 0.13% of DB Gold Double Long ETN as of its most recent filing with the Securities & Exchange Commission.

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.