DB Gold Double Long ETN (NYSEARCA:DGP – Get Free Report) was the target of a large growth in short interest in June. As of June 15th, there was short interest totaling 50,502 shares, a growth of 989.6% from the May 31st total of 4,635 shares. Currently, 3.2% of the shares of the stock are short sold. Based on an average trading volume of 243,780 shares, the short-interest ratio is currently 0.2 days.
DB Gold Double Long ETN Price Performance
Shares of NYSEARCA:DGP opened at $130.60 on Friday. DB Gold Double Long ETN has a 1 year low of $96.41 and a 1 year high of $252.75. The company’s 50 day simple moving average is $166.67 and its 200 day simple moving average is $183.52.
Hedge Funds Weigh In On DB Gold Double Long ETN
A hedge fund recently bought a new stake in DB Gold Double Long ETN stock. Redwood Investment Management LLC acquired a new stake in DB Gold Double Long ETN (NYSEARCA:DGP – Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 2,000 shares of the company’s stock, valued at approximately $201,000. Redwood Investment Management LLC owned approximately 0.13% of DB Gold Double Long ETN as of its most recent SEC filing.
About DB Gold Double Long ETN
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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