Short Interest in DB Gold Short ETN (NYSEARCA:DGZ) Decreases By 48.9%

DB Gold Short ETN (NYSEARCA:DGZ) was the recipient of a significant decrease in short interest in August. As of August 31st, there was short interest totaling 4,929 shares, a decrease of 48.9% from the August 15th total of 9,655 shares. Based on an average daily trading volume, of 1,049 shares, the short-interest ratio is presently 4.7 days. Currently, 1.5% of the shares of the company are sold short.

DB Gold Short ETN Stock Down 7.3%

DGZ opened at $4.81 on Thursday. DB Gold Short ETN has a fifty-two week low of $4.10 and a fifty-two week high of $7.41. The company has a fifty day moving average of $5.41 and a two-hundred day moving average of $5.37.

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.