DGZ long position as a gold short alternativeBuying the DGZ gold short ETN gives exposure to the inverse of gold price, so when the price of gold fall - the value of this ETF increases. Marking that gold is hitting record highs - partially due to the commodities boom cycle, moving forward it is estimated to revert to the mean. To take advantag
Key stats
About DB Gold Short ETN due February 15, 2038
Home page
Inception date
Feb 27, 2008
Structure
Exchange-Traded Note
Distribution tax treatment
No distributions
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
DGZ, unlike most leveraged and inverse products, is designed to provide -1x exposure to its index on a monthly rather than daily basis. Still, the same caution applies: Investors holding it beyond the next reset date will be subject to the effects of compounding a dynamic that can cause the notes performance to drift from its promised -1x exposure. The notes index tracks a single futures contract on gold, determined to be least influenced by contango. The index measures the changes in the price of the gold futures contract, the returns from rolling those contracts over, and the cost of borrowing (collateral) as measured by the 3-month Treasury bill. Structured as an ETN, DGZ carries the counterparty risk of its issuer.
Classification
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
Related funds
Frequently Asked Questions
An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
DGZ trades at 6.89 USD today, its price has fallen −1.12% in the past 24 hours. Track more dynamics on DGZ price chart.
DGZ net asset value is 6.76 today — it's risen 0.35% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
DGZ assets under management is 2.13 M USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
DGZ price has fallen by −2.20% over the last month, and its yearly performance shows a −23.84% decrease. See more dynamics on DGZ price chart.
NAV returns, another gauge of an ETF dynamics, showed a −11.55% decrease in three-month performance and has decreased by −24.19% in a year.
NAV returns, another gauge of an ETF dynamics, showed a −11.55% decrease in three-month performance and has decreased by −24.19% in a year.
DGZ fund flows account for 0.00 USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
DGZ expense ratio is 0.75%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
DGZ is an inverse fund, meaning it's structured to generate returns opposite to the trends of the underlying index or assets.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, DGZ technical analysis shows the sell rating and its 1-week rating is strong sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating DGZ shows the sell signal. See more of DGZ technicals for a more comprehensive analysis.
Today, DGZ technical analysis shows the sell rating and its 1-week rating is strong sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating DGZ shows the sell signal. See more of DGZ technicals for a more comprehensive analysis.
No, DGZ doesn't pay dividends to its holders.
DGZ trades at a premium (3.03%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
DGZ shares are issued by Deutsche Bank AG
DGZ follows the Deutsche Bank Liquid Commodity Index - Optimum Yield Gold Excess Return. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Feb 27, 2008.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.