DB Gold Double Long ETN (NYSEARCA:DGP) Short Interest Down 35.7% in July

DB Gold Double Long ETN (NYSEARCA:DGP) was the target of a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 4,522 shares, a drop of 35.7% from the June 30th total of 7,028 shares. Based on an average daily volume of 108,860 shares, the short-interest ratio is currently 0.0 days. Currently, 0.3% of the shares of the company are sold short.

DB Gold Double Long ETN Price Performance

NYSEARCA DGP traded down $3.82 during trading on Friday, reaching $131.74. 85,370 shares of the company’s stock were exchanged, compared to its average volume of 149,941. The business has a 50 day moving average price of $142.18 and a 200-day moving average price of $177.36. DB Gold Double Long ETN has a fifty-two week low of $98.02 and a fifty-two week high of $252.75.

Institutional Investors Weigh In On DB Gold Double Long ETN

A hedge fund recently bought a new position in DB Gold Double Long ETN stock. Redwood Investment Management LLC bought a new stake in DB Gold Double Long ETN (NYSEARCA:DGP) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 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 and Exchange Commission (SEC).

About DB Gold Double Long ETN

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.