Short Interest in DB Gold Short ETN (NYSEARCA:DGZ) Expands By 156.7%

DB Gold Short ETN (NYSEARCA:DGZ) was the recipient of a significant growth in short interest in May. As of May 15th, there was short interest totaling 8,660 shares, a growth of 156.7% from the April 30th total of 3,373 shares. Based on an average daily volume of 6,623 shares, the short-interest ratio is currently 1.3 days. Approximately 2.7% of the company’s stock are short sold.

DB Gold Short ETN Stock Performance

DGZ traded down $0.04 on Friday, reaching $5.56. 7,313 shares of the company traded hands, compared to its average volume of 10,293. The stock’s 50 day moving average price is $5.19 and its 200-day moving average price is $5.29. DB Gold Short ETN has a 52-week low of $4.10 and a 52-week high of $7.41.

DB Gold Short ETN Company Profile

The DB Gold Short Exchange Traded Notes (DGZ) is an exchange-traded fund that mostly invests in gold commodities. The fund provides monthly inverse exposure to the performance of gold futures contract. The notes index selects contracts based on the shape of the futures curve to minimize contango. DGZ was launched on Feb 27, 2008 and is issued by DB.