Short Interest in DB Gold Double Short ETN (NYSEARCA:DZZ) Increases By 390.7%

DB Gold Double Short ETN (NYSEARCA:DZZ) was the target of a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 14,651 shares, a growth of 390.7% from the April 30th total of 2,986 shares. Approximately 0.8% of the company’s shares are sold short. Based on an average daily trading volume, of 19,731 shares, the short-interest ratio is presently 0.7 days.

DB Gold Double Short ETN Stock Performance

Shares of DZZ traded down $0.10 on Friday, hitting $2.01. 15,679 shares of the stock traded hands, compared to its average volume of 25,658. The stock’s 50 day moving average is $2.43 and its two-hundred day moving average is $2.95. DB Gold Double Short ETN has a 1 year low of $1.48 and a 1 year high of $12.50.

DB Gold Double Short ETN Company Profile

The Deutsche Bank Ag London Gold Double Short Exchange Traded (Nts) (DZZ) 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. DZZ was launched on Feb 27, 2008 and is issued by DB.