DB Gold Double Short ETN (NYSEARCA:DZZ) Short Interest Up 390.7% in May

DB Gold Double Short ETN (NYSEARCA:DZZ) was the target of a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 14,651 shares, a growth of 390.7% from the April 30th total of 2,986 shares. Currently, 0.8% of the company’s shares are short sold. Based on an average daily trading volume, of 19,731 shares, the short-interest ratio is presently 0.7 days.

DB Gold Double Short ETN Stock Down 4.7%

NYSEARCA DZZ traded down $0.10 on Friday, reaching $2.01. The stock had a trading volume of 15,679 shares, compared to its average volume of 25,658. DB Gold Double Short ETN has a 12-month low of $1.48 and a 12-month high of $12.50. The stock has a fifty day moving average price of $2.43 and a two-hundred day moving average price of $2.95.

DB Gold Double Short ETN Company Profile

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.