Entravision Communication (NYSE:EVC) down by 4.73%, Deutsche Bank AG DB Gold Double Short ETN (NYSEARCA:DZZ)

Posted by Chris Bell May 17, 2013 0 Comment 1093 views


Entravision Communication (NYSE:EVC): In Thursday’s trading session, Entravision Communication (NYSE:EVC) fell 4.73%. Its opening price of $5.07 rose to touch an intraday high of $5.09 which eventually headed down to close at $4.83 per share. Over 1.25 million shares exchanged hands in the previous trading session. This number stood above the average volume of 1.22 million that was measured over a 30-day period.

Entravision Communication (NYSE:EVC) is a Spanish-language, diversified media company. It utilizes a combination of radio and television operations to reach its Hispanic consumers who are spread across the U.S and in the border markets of Mexico. It operates in two distinct reportable segments: radio broadcasting and television broadcasting.  It owns and/or operates 53 different primary television stations. These are primarily located in Colorado, California, Florida, Connecticut, Massachusetts, New Mexico, Nevada, Texas and Washington. Entravision Communication (NYSE:EVC) is an affiliate group of the Univision’s TeleFutura network and the Univision television network. The former has television stations in 20 out of 50 Hispanic markets in the U.S.

Deutsche Bank AG DB Gold Double Short ETN (NYSEARCA:DZZ): In Thursday’s trading session, Deutsche Bank AG DB Gold Double Short ETN (NYSEARCA:DZZ) gained 0.64%. Its opening price of $6.40 rose to touch an intraday high of $6.40 which eventually headed down to close at $6.32 per share. Over 0.307 million shares exchanged hands in the previous trading session.

Deutsche Bank has announced that it will be reopening issuances of twenty-six Exchange Traded Notes. This will be effective post the close of trading on 15 April 2013. The ETNs had been temporarily suspended being issued further, by Deutsche Bank on 29 March 2013. This had been due to postponement of publication of its Annual Report for the year 2012 and Form 20-F.

As was disclosed in the pricing supplements related to the ETNs, their market value may be influenced amongst other things, by supply and demand levels for the ETNs. And that reopening of the ETN’s might be an influencing factor as well.


About Chris Bell

Chris Bell is an investing reporter for GDP Insider. Chris covers financial markets and Wall Street, concentrating on developments affecting individual investors and their portfolios. Chris is also over consumer reporter and covers a wide variety of issues ranging from housing to immigration to urban poverty. Chris graduated from the University of Scranton with a degree in Communication and Philosophy. Chris's diligent investigations earned him the honor of being named "Best Reporter" once by the Headliners Foundation of Texas and once by the Houston Press Club.

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