Short Interest in DB Gold Double Long ETN (NYSEARCA:DGP) Rises By 153.6%

DB Gold Double Long ETN (NYSEARCA:DGP) was the target of a significant growth in short interest in October. As of October 15th, there was short interest totaling 7,100 shares, a growth of 153.6% from the September 30th total of 2,800 shares. Approximately 0.4% of the shares of the stock are sold short. Based on an average trading volume of 13,600 shares, the short-interest ratio is currently 0.5 days. Based on an average trading volume of 13,600 shares, the short-interest ratio is currently 0.5 days. Approximately 0.4% of the shares of the stock 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 bought a new stake in shares of DB Gold Double Long ETN (NYSEARCA:DGP) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 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 at the end of the most recent reporting period.

DB Gold Double Long ETN Trading Down 1.5%

DB Gold Double Long ETN stock opened at $141.07 on Friday. The firm has a 50 day simple moving average of $130.90 and a 200-day simple moving average of $111.87. DB Gold Double Long ETN has a 12-month low of $62.14 and a 12-month high of $168.00.

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.