DB Gold Double Short ETN (NYSEARCA:DZZ) Short Interest Update

DB Gold Double Short ETN (NYSEARCA:DZZ) was the recipient of a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 14,651 shares, an increase of 390.7% from the April 30th total of 2,986 shares. Approximately 0.8% of the shares of the stock are sold short. Based on an average trading volume of 19,731 shares, the days-to-cover ratio is presently 0.7 days.

DB Gold Double Short ETN Stock Performance

Shares of NYSEARCA:DZZ traded down $0.02 during trading on Thursday, reaching $2.11. 23,046 shares of the company traded hands, compared to its average volume of 25,756. DB Gold Double Short ETN has a 52 week low of $1.48 and a 52 week high of $12.50. The company’s 50 day moving average is $2.46 and its two-hundred day moving average is $2.97.

DB Gold Double Short ETN Company Profile

The Deutsche Bank Ag London Gold Double Short Exchange Traded (Nts) (DZZ) 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. DZZ was launched on Feb 27, 2008 and is issued by DB.