DB Gold Double Long ETN (NYSEARCA:DGP) Stock Price Down 1.8% – Here’s Why

DB Gold Double Long ETN (NYSEARCA:DGP – Get Free Report)’s stock price was down 1.8% during trading on Friday . The company traded as low as $168.00 and last traded at $169.70. Approximately 162,106 shares traded hands during trading, an increase of 8% from the average daily volume of 150,699 shares. The stock had previously closed at $172.82.

DB Gold Double Long ETN Trading Down 1.8%

The company’s 50-day moving average is $140.79 and its two-hundred day moving average is $172.23.

Get DB Gold Double Long ETN alerts:

Institutional Inflows and Outflows

An institutional investor recently bought a new position in DB Gold Double Long ETN stock. Redwood Investment Management LLC purchased a new stake in shares of DB Gold Double Long ETN (NYSEARCA:DGP – Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 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 at the end of the most recent reporting period.

DB Gold Double Long ETN Company Profile

(Get Free Report)

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.

See Also

• Five stocks we like better than DB Gold Double Long ETN
• Blueprint for a Boom: SEC Clears the Crypto Runway
• Ross Stores Just Flipped the Off-Price Retail Story After TJX’s Marmaxx Miss
• Advance Auto Parts Plunged, But Its Turnaround Is Still Working
• Is Palo Alto Networks Priced for Perfection Again as AI Security Demand Accelerates?

Receive News & Ratings for DB Gold Double Long ETN Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DB Gold Double Long ETN and related companies with MarketBeat.com's FREE daily email newsletter.