DB Gold Double Short ETN (NYSEARCA:DZZ) Short Interest Update

DB Gold Double Short ETN (NYSEARCA:DZZ) saw a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 5,459 shares, a drop of 39.5% from the June 30th total of 9,016 shares. Based on an average trading volume of 2,954 shares, the days-to-cover ratio is currently 1.8 days. Approximately 0.3% of the shares of the company are short sold.

DB Gold Double Short ETN Price Performance

NYSEARCA:DZZ traded down $0.01 on Thursday, reaching $1.91. 1,217 shares of the company’s stock were exchanged, compared to its average volume of 20,637. DB Gold Double Short ETN has a 52 week low of $1.48 and a 52 week high of $12.50. The stock has a fifty day simple moving average of $1.95 and a 200-day simple moving average of $2.44.

About DB Gold Double Short ETN

The Deutsche Bank Ag London Gold Double Short Exchange Traded (Nts) (DZZ) 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. DZZ was launched on Feb 27, 2008 and is issued by DB.