DB Gold Short ETN (NYSEARCA:DGZ) Shares Down 0.6% – Should You Sell?

by · The Cerbat Gem

DB Gold Short ETN (NYSEARCA:DGZ – Get Free Report) dropped 0.6% during mid-day trading on Tuesday . The company traded as low as $8.35 and last traded at $8.57. Approximately 6,123 shares changed hands during mid-day trading, an increase of 444% from the average daily volume of 1,126 shares. The stock had previously closed at $8.61.

DB Gold Short ETN Stock Down 0.6 %

The business’s fifty day moving average is $8.35 and its 200-day moving average is $8.73.

About DB Gold Short ETN

(Get Free Report)

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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