DB Gold Double Long ETN (NYSEARCA:DGP – Get Free Report) shares were down 0.3% during trading on Thursday . The stock traded as low as $143.79 and last traded at $145.33. Approximately 5,978 shares changed hands during trading, a decline of 66% from the average daily volume of 17,337 shares. The stock had previously closed at $145.82.
DB Gold Double Long ETN Stock Down 0.6%
The company has a 50 day moving average of $140.44 and a 200 day moving average of $116.43.
Hedge Funds Weigh In On DB Gold Double Long ETN
A hedge fund recently raised its stake in DB Gold Double Long ETN stock. Flow Traders U.S. LLC increased its holdings in shares of DB Gold Double Long ETN (NYSEARCA:DGP – Free Report) by 418.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 30,730 shares of the company’s stock after acquiring an additional 24,797 shares during the quarter. Flow Traders U.S. LLC owned about 1.92% of DB Gold Double Long ETN worth $3,081,000 at the end of the most recent reporting period.
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.
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