DB Gold Double Long ETN (NYSEARCA:DGP) Stock Price Up 2.3% – What’s Next?

DB Gold Double Long ETN (NYSEARCA:DGP)’s share price shot up 2.3% on Tuesday . The stock traded as high as $86.72 and last traded at $86.67. 21,110 shares traded hands during mid-day trading, an increase of 112% from the average session volume of 9,940 shares. The stock had previously closed at $84.72.

DB Gold Double Long ETN Trading Down 0.5 %

The company has a 50 day simple moving average of $77.62 and a 200 day simple moving average of $70.81.

Institutional Investors Weigh In On DB Gold Double Long ETN

An institutional investor recently raised its position in DB Gold Double Long ETN stock. Flow Traders U.S. LLC lifted its holdings in DB Gold Double Long ETN (NYSEARCA:DGP) by 20.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,028 shares of the company’s stock after acquiring an additional 3,272 shares during the period. Flow Traders U.S. LLC owned approximately 0.70% of DB Gold Double Long ETN worth $1,277,000 as of its most recent SEC filing.

About DB Gold Double Long ETN

The DB Gold Double Long Exchange Traded Notes (DGP) 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. DGP was launched on Feb 27, 2008 and is issued by DB.