DB Gold Short ETN (NYSEARCA:DGZ) Trading Down 3.2% – Here’s What Happened

DB Gold Short ETN (NYSEARCA:DGZ – Get Free Report)’s stock price traded down 3.2% during mid-day trading on Tuesday . The company traded as low as $7.74 and last traded at $7.74. 703 shares were traded during mid-day trading, a decline of 33% from the average session volume of 1,051 shares. The stock had previously closed at $8.00.

DB Gold Short ETN Trading Up 1.1 %

The firm’s 50 day simple moving average is $8.47 and its 200-day simple moving average is $8.80.

DB Gold Short ETN Company Profile

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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.

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