DB Gold Short ETN (NYSEARCA:DGZ) Short Interest Down 49.0% in June

DB Gold Short ETN (NYSEARCA:DGZ) was the recipient of a large decline in short interest during 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 shares of the stock are short sold.

DB Gold Short ETN Stock Performance

Shares of DGZ stock opened at $6.29 on Tuesday. The stock’s 50 day simple moving average is $5.56 and its two-hundred day simple moving average is $5.33. 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.