Short Interest in DB Gold Short ETN (NYSEARCA:DGZ) Decreases By 49.0%

DB Gold Short ETN (NYSEARCA:DGZ) was the recipient of a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 3,320 shares, a decline of 49.0% from the May 31st total of 6,515 shares. Based on an average daily trading volume, of 6,289 shares, the short-interest ratio is currently 0.5 days. Approximately 1.0% of the company’s stock are short sold.

DB Gold Short ETN Stock Up 1.6%

Shares of DB Gold Short ETN stock traded up $0.10 during trading hours on Thursday, hitting $6.42. 3,966 shares of the company’s stock traded hands, compared to its average volume of 9,673. DB Gold Short ETN has a twelve month low of $4.10 and a twelve month high of $7.41. The stock has a 50 day simple moving average of $5.66 and a 200-day simple moving average of $5.35.

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.