VelocityShares 3x Inverse Natural Gas ETN (DGAZ) Short Interest Up 100.7% in November

VelocityShares 3x Inverse Natural Gas ETN (NYSEARCA:DGAZ) was the target of a large growth in short interest during the month of November. As of November 15th, there was short interest totalling 6,517,230 shares, a growth of 100.7% from the October 31st total of 3,246,715 shares. Based on an average trading volume of 48,843,925 shares, the days-to-cover ratio is currently 0.1 days.

Shares of DGAZ opened at $49.31 on Monday. VelocityShares 3x Inverse Natural Gas ETN has a 12 month low of $46.00 and a 12 month high of $858.40.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. SeaCrest Wealth Management LLC bought a new position in shares of VelocityShares 3x Inverse Natural Gas ETN in the second quarter worth $402,000. HRT Financial LLC lifted its holdings in shares of VelocityShares 3x Inverse Natural Gas ETN by 43.6% in the second quarter. HRT Financial LLC now owns 85,170 shares of the company’s stock valued at $1,924,000 after buying an additional 25,852 shares during the period. Citadel Advisors LLC acquired a new stake in shares of VelocityShares 3x Inverse Natural Gas ETN in the third quarter valued at $1,125,000. XR Securities LLC lifted its holdings in shares of VelocityShares 3x Inverse Natural Gas ETN by 172.0% in the third quarter. XR Securities LLC now owns 399,608 shares of the company’s stock valued at $7,485,000 after buying an additional 252,694 shares during the period. Finally, Virtu Financial LLC lifted its holdings in shares of VelocityShares 3x Inverse Natural Gas ETN by 2,520.8% in the third quarter. Virtu Financial LLC now owns 458,121 shares of the company’s stock valued at $8,581,000 after buying an additional 440,641 shares during the period.

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