DNO Quote & Chart - United States Short Oil Fund Profile

Inverse: Yes
Asset Class: Commodity
Commodity Type: Oil & Gas

Home » Issuers » US Commodity Funds » United States Short Oil Fund

DNO - United States Short Oil Fund Profile

DNO Tracks This Index: Light, sweet crude oil (inverse)
Index Description: The investment objective of DNO is to have the changes, in percentage terms, of the units' net asset value inversely reflect the changes, in percentage terms, of the spot price of light, sweet crude oil delivered to Cushing, Oklahoma, as measured by the changes in the price of the futures contract on light, sweet crude oil as traded on the New York Mercantile Exchange that is the near month contract to expire, except when the near month contract is within two weeks of expiration, in which case the futures contract will be the next month contract to expire, less DNO's expenses.