Short Interest in DB Gold Short ETN (NYSEARCA:DGZ) Drops By 49.0%

DB Gold Short ETN (NYSEARCA:DGZ) saw a significant decline in short interest during the month of June. As of June 15th, there was short interest totaling 3,320 shares, a decline of 49.0% from the May 31st total of 6,515 shares. Based on an average daily volume of 6,289 shares, the days-to-cover ratio is currently 0.5 days. Approximately 1.0% of the company’s shares are short sold.

DB Gold Short ETN Stock Performance

DGZ traded down $0.05 during trading on Wednesday, reaching $6.32. 1,012 shares of the stock traded hands, compared to its average volume of 9,719. DB Gold Short ETN has a 12 month low of $4.10 and a 12 month high of $7.41. The stock’s 50-day moving average is $5.63 and its 200 day moving average is $5.34.

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.