DB Gold Short ETN (NYSEARCA:DGZ) Short Interest Up 156.7% in May

DB Gold Short ETN (NYSEARCA:DGZ) was the recipient of a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 8,660 shares, a growth of 156.7% from the April 30th total of 3,373 shares. Based on an average daily volume of 6,623 shares, the short-interest ratio is currently 1.3 days. Approximately 2.7% of the company’s shares are short sold.

DB Gold Short ETN Price Performance

Shares of DGZ traded down $0.07 during mid-day trading on Monday, reaching $5.49. The company’s stock had a trading volume of 1,265 shares, compared to its average volume of 10,200. The business has a fifty day moving average of $5.19 and a 200 day moving average of $5.29. DB Gold Short ETN has a 1 year low of $4.10 and a 1 year high of $7.41.

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.