Short Interest in DB Gold Short ETN (NYSEARCA:DGZ) Expands By 156.7%

DB Gold Short ETN (NYSEARCA:DGZ) was the target of a significant increase in short interest in May. As of May 15th, there was short interest totaling 8,660 shares, an increase of 156.7% from the April 30th total of 3,373 shares. Approximately 2.7% of the company’s shares are short sold. Based on an average trading volume of 6,623 shares, the short-interest ratio is presently 1.3 days.

DB Gold Short ETN Stock Performance

Shares of DB Gold Short ETN stock traded down $0.04 during trading on Friday, hitting $5.56. The stock had a trading volume of 7,313 shares, compared to its average volume of 10,293. The stock has a 50 day simple moving average of $5.19 and a 200 day simple moving average of $5.29. DB Gold Short ETN has a 1 year low of $4.10 and a 1 year high of $7.41.

DB Gold Short ETN Company Profile

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.