DB Gold Double Long ETN (NYSEARCA:DGP) Short Interest Down 86.1% in June

DB Gold Double Long ETN (NYSEARCA:DGP) was the recipient of a significant decrease in short interest in June. As of June 30th, there was short interest totaling 7,028 shares, a decrease of 86.1% from the June 15th total of 50,502 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average trading volume of 154,266 shares, the short-interest ratio is currently 0.0 days.

Institutional Investors Weigh In On DB Gold Double Long ETN

An institutional investor recently bought a new stake in DB Gold Double Long ETN stock. Redwood Investment Management LLC acquired a new stake in shares of DB Gold Double Long ETN (NYSEARCA:DGP) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 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 quarter.

DB Gold Double Long ETN Price Performance

Shares of NYSEARCA DGP traded down $0.91 during mid-day trading on Friday, hitting $135.66. The company had a trading volume of 168,350 shares, compared to its average volume of 154,037. DB Gold Double Long ETN has a 1 year low of $96.79 and a 1 year high of $252.75. The stock’s 50-day moving average price is $155.63 and its 200-day moving average price is $181.40.

About DB Gold Double Long ETN

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.