DB Gold Double Long ETN (NYSEARCA:DGP) Trading 1% Higher – Time to Buy?

Shares of DB Gold Double Long ETN (NYSEARCA:DGP) traded up 1% during mid-day trading on Tuesday . The stock traded as high as $66.07 and last traded at $66.07. 3,003 shares changed hands during mid-day 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 Up 1.0 %

The firm has a fifty day moving average price of $68.34 and a 200-day moving average price of $62.77.

Institutional Inflows and Outflows

An institutional investor recently raised its position in DB Gold Double Long ETN stock. Flow Traders U.S. LLC increased its stake in DB Gold Double Long ETN (NYSEARCA:DGP) by 20.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 19,028 shares of the company’s stock after purchasing 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.

About DB Gold Double Long ETN

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.