DB Gold Double Long ETN (NYSEARCA:DGP) Short Interest Down 86.1% in June

DB Gold Double Long ETN (NYSEARCA:DGP) saw a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 7,028 shares, a decline of 86.1% from the June 15th total of 50,502 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average daily volume of 154,266 shares, the days-to-cover ratio is currently 0.0 days.

Hedge Funds Weigh In On DB Gold Double Long ETN

An institutional investor recently bought a new stake in DB Gold Double Long ETN stock. Redwood Investment Management LLC acquired a new position in shares of DB Gold Double Long ETN (NYSEARCA:DGP) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,000 shares of the company’s stock, valued at approximately $201,000. Redwood Investment Management LLC owned 0.13% of DB Gold Double Long ETN as of its most recent SEC filing.

DB Gold Double Long ETN Stock Down 5.0%

NYSEARCA:DGP traded down $6.75 during trading hours on Monday, hitting $128.91. 161,611 shares of the company were exchanged, compared to its average volume of 154,083. DB Gold Double Long ETN has a one year low of $96.79 and a one year high of $252.75. The company has a fifty day simple moving average of $155.63 and a 200 day simple moving average of $181.47.

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.