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

DB Gold Short ETN (NYSEARCA:DGZ) saw a large increase in short interest in 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 company’s shares are short sold. Based on an average daily trading volume, of 6,434 shares, the days-to-cover ratio is currently 2.0 days.

DB Gold Short ETN Trading Up 6.6%

NYSEARCA:DGZ opened at $5.80 on Tuesday. DB Gold Short ETN has a twelve month low of $4.10 and a twelve month high of $7.41. The company has a fifty day moving average of $5.84 and a 200-day moving average of $5.40.

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.