DB Gold Double Long ETN (NYSEARCA:DGP) Stock Price Up 1% – What’s Next?

DB Gold Double Long ETN (NYSEARCA:DGP) shot up 1% during trading on Tuesday . The company traded as high as $66.07 and last traded at $66.07. 3,003 shares were traded during trading, a decline of 66% from the average session volume of 8,807 shares. The stock had previously closed at $65.44.

DB Gold Double Long ETN Stock Performance

The firm has a 50 day moving average price of $68.34 and a two-hundred day moving average price of $62.77.

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 increased its stake in shares of DB Gold Double Long ETN (NYSEARCA:DGP) by 20.8% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 19,028 shares of the company’s stock after purchasing an additional 3,272 shares during the period. Flow Traders U.S. LLC owned 0.70% of DB Gold Double Long ETN worth $1,277,000 as of its most recent SEC filing.

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.