DB Gold Double Long ETN (NYSEARCA:DGP) Short Interest Update

DB Gold Double Long ETN (NYSEARCA:DGP) saw a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 4,522 shares, a drop of 35.7% from the June 30th total of 7,028 shares. Based on an average daily volume of 108,860 shares, the short-interest ratio is presently 0.0 days. Approximately 0.3% of the shares of the company are short sold.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in DB Gold Double Long ETN stock. Redwood Investment Management LLC bought a new position in shares of DB Gold Double Long ETN (NYSEARCA:DGP) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 2,000 shares of the company’s stock, valued at approximately $201,000. Redwood Investment Management LLC owned about 0.13% of DB Gold Double Long ETN at the end of the most recent reporting period.

DB Gold Double Long ETN Stock Performance

Shares of DB Gold Double Long ETN stock opened at $131.74 on Friday. The firm has a fifty day simple moving average of $142.18 and a 200-day simple moving average of $177.36. DB Gold Double Long ETN has a 1-year low of $98.02 and a 1-year high of $252.75.

DB Gold Double Long ETN Company Profile

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.