Short Interest in DB Gold Short ETN (NYSEARCA:DGZ) Expands By 356.1%

DB Gold Short ETN (NYSEARCA:DGZ) was the target of a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 12,679 shares, a growth of 356.1% from the June 30th total of 2,780 shares. Approximately 4.0% of the shares of the company are sold short. Based on an average daily volume of 6,434 shares, the days-to-cover ratio is currently 2.0 days.

DB Gold Short ETN Stock Down 1.6%

NYSEARCA:DGZ opened at $5.44 on Friday. The company has a 50 day moving average price of $5.84 and a 200-day moving average price of $5.40. DB Gold Short ETN has a 1-year low of $4.10 and a 1-year high of $7.41.

About DB Gold Short ETN

The DB Gold Short Exchange Traded Notes (DGZ) is an exchange-traded fund that mostly invests in gold commodities. The fund provides monthly inverse exposure to the performance of gold futures contract. The notes index selects contracts based on the shape of the futures curve to minimize contango. DGZ was launched on Feb 27, 2008 and is issued by DB.