DB Gold Double Long ETN (NYSEARCA:DGP) Short Interest Update

DB Gold Double Long ETN (NYSEARCA:DGP) saw a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 4,522 shares, a drop of 35.7% from the June 30th total of 7,028 shares. Based on an average daily volume of 108,860 shares, the short-interest ratio is presently 0.0 days. Currently, 0.3% of the shares of the company are sold short.

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 purchased a new stake in shares of DB Gold Double Long ETN (NYSEARCA:DGP) in the second quarter, according to its most recent 13F filing with the SEC. The fund purchased 2,000 shares of the company’s stock, valued at approximately $201,000. Redwood Investment Management LLC owned approximately 0.13% of DB Gold Double Long ETN at the end of the most recent reporting period.

DB Gold Double Long ETN Trading Down 3.0%

DGP traded down $4.05 during trading hours on Friday, hitting $131.51. The stock had a trading volume of 83,932 shares, compared to its average volume of 149,919. DB Gold Double Long ETN has a 1 year low of $98.02 and a 1 year high of $252.75. The company’s fifty day simple moving average is $142.89 and its 200 day simple moving average is $177.68.

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.