DB Gold Short ETN (NYSEARCA:DGZ – Get Free Report)’s stock price dropped 1.7% on Friday . The stock traded as low as $8.72 and last traded at $9.00. Approximately 1,000 shares changed hands during mid-day trading, a decline of 26% from the average daily volume of 1,344 shares. The stock had previously closed at $9.16.
DB Gold Short ETN Stock Performance
The business’s 50-day moving average is $9.00 and its two-hundred day moving average is $9.59.
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.
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