DB Gold Double Short ETN due February 15, 2038DB Gold Double Short ETN due February 15, 2038DB Gold Double Short ETN due February 15, 2038

DB Gold Double Short ETN due February 15, 2038

No trades
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Key stats


Assets under management (AUM)
‪1.78 M‬USD
Fund flows (1Y)
Dividend yield (indicated)
Discount/Premium to NAV
86.5%
Shares outstanding
‪1.80 M‬
Expense ratio
0.75%

About DB Gold Double Short ETN due February 15, 2038


Brand
DB
Home page
Inception date
Feb 27, 2008
Structure
Exchange-Traded Note
Index tracked
Deutsche Bank Liquid Commodity Index - Optimum Yield Gold Excess Return
Management style
Passive
Distribution tax treatment
No distributions
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
DZZ is a geared inverse ETN promising -2x the daily return of an optimized gold index wherein gold futures contracts are chosen to minimize the effects of contango. The index selects its contracts based on the shape of the futures curve. As a geared product, DZZ is designed to be used as a tactical tool, not as a buy-and-hold investment. Investors holding the note for longer than a day will be subject to the effects of compounding, which can cause the realized performance to drift greatly from its -2x exposure over longer holding periods. Therefore, traders and investors with longer timelines will need to rebalance their positions to maintain the -2x multiple. Structured as an ETN, DZZ carries the counterparty risk of its issuer.

Classification


Asset Class
Commodities
Category
Precious metals
Focus
Gold
Niche
Optimized
Strategy
Optimized commodity
Geography
Global
Weighting scheme
Single asset
Selection criteria
Single asset
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.

Broaden your horizons with more funds linked to DZZ via country, focus, and more.

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.
DZZ trades at 1.95 USD today, its price has risen 1.92% in the past 24 hours. Track more dynamics on DZZ price chart.
DZZ net asset value is 0.99 today — it's fallen 5.81% 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.
DZZ assets under management is ‪1.78 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.
DZZ price has risen by 4.21% over the last month, and its yearly performance shows a 3.46% increase. See more dynamics on DZZ price chart.
NAV returns, another gauge of an ETF dynamics, have risen by −5.81% over the last month, have fallen by −5.81% over the last month, showed a −24.80% decrease in three-month performance and has decreased by −48.26% in a year.
DZZ 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.
DZZ 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.
DZZ 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, DZZ technical analysis shows the buy rating and its 1-week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating DZZ shows the sell signal. See more of DZZ technicals for a more comprehensive analysis.
No, DZZ doesn't pay dividends to its holders.
DZZ trades at a premium (87.21%).
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.
DZZ shares are issued by Deutsche Bank AG
DZZ 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.