Short Interest in DB Gold Double Long ETN (NYSEARCA:DGP) Declines By 86.1%

DB Gold Double Long ETN (NYSEARCA:DGP) saw a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 7,028 shares, a drop of 86.1% from the June 15th total of 50,502 shares. Based on an average daily volume of 154,266 shares, the short-interest ratio is presently 0.0 days. Currently, 0.4% of the shares of the company are sold short.

Institutional Investors Weigh In On DB Gold Double Long ETN

An institutional investor recently bought a new stake in DB Gold Double Long ETN stock. Redwood Investment Management LLC purchased a new stake in DB Gold Double Long ETN (NYSEARCA:DGP) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 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 SEC filing.

DB Gold Double Long ETN Price Performance

NYSEARCA DGP traded down $0.91 on Friday, hitting $135.66. 168,350 shares of the stock traded hands, compared to its average volume of 154,037. The business’s fifty day moving average is $155.63 and its two-hundred day moving average is $181.40. DB Gold Double Long ETN has a 12 month low of $96.79 and a 12 month high of $252.75.

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.