DB Gold Double Long ETN (NYSEARCA:DGP) Stock Short Interest Report for September

DB Gold Double Long ETN (NYSEARCA:DGP) was the recipient of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 10,940 shares, an increase of 557.1% from the September 15th total of 1,665 shares. Based on an average trading volume of 133,970 shares, the short-interest ratio is presently 0.1 days. Approximately 0.7% of the shares of the company are sold short.

Key Headlines Impacting DB Gold Double Long ETN

Here are the key news stories impacting DB Gold Double Long ETN this week:

• Positive Sentiment: Gold recovered toward $4,200 as the U.S. dollar weakened, Treasury yields pulled back from weekly highs, and bargain buyers returned after the midweek selloff. These factors improved the near-term outlook for DGP. Gold tests $4,200 as weak sentiment offsets sticky inflation expectations
• Positive Sentiment: Gold held important support above $4,100, while a move through approximately $4,200 could signal a technical trend reversal and open the way to higher targets. A breakout would likely benefit the leveraged DGP product disproportionately. Gold price forecast: $4,226 breakout could reverse downtrend
• Positive Sentiment: Longer-term support for gold remains intact as central banks reduce exposure to dollar assets, inflation pressures undermine bonds, and gold-backed ETF inflows continue. Gold gains ground as central banks retreat from dollar assets
• Neutral Sentiment: Wall Street’s gold outlook is approaching a bullish majority, but fewer than half of individual investors expect gains next week, indicating that sentiment remains divided ahead of inflation data. Wall Street nears bullish majority after gold rally
• Negative Sentiment: Sticky inflation expectations, strong labor data, elevated Treasury yields, and expectations for another Federal Reserve rate hike continue to pressure non-yielding gold. Failure to clear $4,200 could renew selling and weigh heavily on DGP. Gold rebounds but yield risk caps upside
• Negative Sentiment: Short interest in DGP rose sharply during September, although short positions still represent only about 0.7% of shares and equal roughly 0.1 days of average volume. The increase signals growing bearish positioning but limited immediate short-squeeze potential.

DB Gold Double Long ETN Stock Performance

NYSEARCA DGP traded up $2.61 during trading hours on Friday, hitting $148.51. The company had a trading volume of 72,939 shares, compared to its average volume of 150,829. The business has a 50 day moving average of $154.95 and a 200-day moving average of $157.76. DB Gold Double Long ETN has a 1-year low of $125.67 and a 1-year high of $252.75.

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.