DB Gold Double Long ETN (NYSEARCA:DGP) Sees Large Decline in Short Interest

DB Gold Double Long ETN (NYSEARCA:DGP) was the target of a significant decrease in short interest during the month of May. As of May 15th, there was short interest totaling 5,047 shares, a decrease of 71.4% from the April 30th total of 17,622 shares. Based on an average daily volume of 265,989 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.3% of the shares of the stock are short sold.

Institutional Trading of DB Gold Double Long ETN

An institutional investor recently bought a new position in DB Gold Double Long ETN stock. Redwood Investment Management LLC acquired a new stake in DB Gold Double Long ETN (NYSEARCA:DGP) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 2,000 shares of the company’s stock, valued at approximately $201,000. Redwood Investment Management LLC owned about 0.13% of DB Gold Double Long ETN as of its most recent filing with the Securities and Exchange Commission (SEC).

DB Gold Double Long ETN Price Performance

DGP opened at $166.56 on Friday. DB Gold Double Long ETN has a one year low of $96.41 and a one year high of $252.75. The company’s 50 day simple moving average is $178.25 and its 200-day simple moving average is $183.64.

DB Gold Double Long ETN Company Profile

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.