DB Gold Short ETN (NYSEARCA:DGZ) Sees Large Decrease in Short Interest

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

DB Gold Short ETN Stock Up 1.0%

Shares of NYSEARCA:DGZ traded up $0.05 during trading on Tuesday, hitting $5.19. 20,796 shares of the company traded hands, compared to its average volume of 7,974. The business’s fifty day moving average is $5.45 and its 200-day moving average is $5.37. DB Gold Short ETN has a one year low of $4.10 and a one year high of $7.41.

About DB Gold Short ETN

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.