DB Gold Double Short ETN (NYSEARCA:DZZ) Short Interest Update

DB Gold Double Short ETN (NYSEARCA:DZZ) was the target of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 7,380 shares, an increase of 130.6% from the August 31st total of 3,201 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average daily trading volume, of 2,387 shares, the short-interest ratio is currently 3.1 days.

DB Gold Double Short ETN Stock Performance

Shares of DZZ traded down $0.02 on Tuesday, hitting $1.71. 2,384 shares of the stock traded hands, compared to its average volume of 17,055. The stock’s 50 day moving average is $1.76 and its two-hundred day moving average is $2.08. 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.