DB Gold Double Short ETN (NYSEARCA:DZZ) Stock Short Interest Jumps 105.6%

DB Gold Double Short ETN (NYSEARCA:DZZ) was the target of a large increase in short interest in September. As of September 30th, there was short interest totaling 15,174 shares, an increase of 105.6% from the September 15th total of 7,380 shares. Approximately 0.8% of the shares of the stock are sold short. Based on an average daily volume of 10,101 shares, the days-to-cover ratio is presently 1.5 days.

DB Gold Double Short ETN Price Performance

DZZ stock traded down $0.02 during trading on Thursday, reaching $1.71. 1,642 shares of the company were exchanged, compared to its average volume of 16,214. The company has a 50-day moving average of $1.73 and a two-hundred day moving average of $2.00. DB Gold Double Short ETN has a twelve month low of $1.49 and a twelve month high of $12.50.

About DB Gold Double Short ETN

The Deutsche Bank Ag London Gold Double Short Exchange Traded (Nts) (DZZ) 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. DZZ was launched on Feb 27, 2008 and is issued by DB.