OILZ Tracks This Index: ISE Oil Futures Spread Index
Description: The index, through an allocation to various oil sub-indices, effectively provides short exposure in front month oil futures contracts and long exposure in mid-term oil futures contracts. This is achieved by taking a 100% long position in the components of the ISE Short Front Month Oil Futures Index, which provides short (or inverse) exposure to the front month Light Sweet Crude Oil Futures (WTI) futures contracts and an aggregate 150% long position in the components of the ISE Sixth Month Oil Futures Index, ISE Seventh Month Oil Futures Index and ISE Eighth Month Oil Futures Index.