DB Gold Double Long ETN (NYSEARCA:DGP) Trading 1% Higher – Here’s Why

DB Gold Double Long ETN (NYSEARCA:DGP) rose 1% on Tuesday . The stock traded as high as $69.14 and last traded at $69.14. Approximately 6,778 shares changed hands during mid-day trading, a decline of 39% from the average daily volume of 11,072 shares. The stock had previously closed at $68.47.

DB Gold Double Long ETN Price Performance

The stock has a 50-day moving average price of $67.10 and a two-hundred day moving average price of $64.43.

Institutional Trading of DB Gold Double Long ETN

An institutional investor recently raised its position in DB Gold Double Long ETN stock. Flow Traders U.S. LLC raised its position in shares of DB Gold Double Long ETN (NYSEARCA:DGP) by 20.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 19,028 shares of the company’s stock after acquiring an additional 3,272 shares during the quarter. Flow Traders U.S. LLC owned approximately 0.70% of DB Gold Double Long ETN worth $1,277,000 at the end of the most recent quarter.

DB Gold Double Long ETN Company Profile

The DB Gold Double Long Exchange Traded Notes (DGP) is an exchange-traded fund that mostly invests in gold commodities. The fund provides 2x the daily performance of futures contracts relating to gold. The notes index selects contracts based on the shape of the futures curve to minimize contango. DGP was launched on Feb 27, 2008 and is issued by DB.