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

DB Gold Double Short ETN (NYSEARCA:DZZ) was the target of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 5,459 shares, a decrease of 39.5% from the June 30th total of 9,016 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily volume of 2,954 shares, the days-to-cover ratio is currently 1.8 days.

DB Gold Double Short ETN Stock Performance

Shares of DZZ opened at $1.90 on Friday. DB Gold Double Short ETN has a 1 year low of $1.48 and a 1 year high of $12.50. The stock’s 50-day moving average price is $1.95 and its two-hundred day moving average price is $2.44.

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.