ETF Database » DNO

Three ETF Plays For $30 Oil

Michael Johnston — Mon, 14 Dec 2009 06:30:24 +0000

Crude oil has crept gradually higher since the beginning of the year, with spot prices rising from about $35 per barrel in January to nearly $80 in recent weeks. With a sliding dollar and expectations for a strong, sustainable global economic recovery, it seemed like only a matter of time before crude jumped above $100 and the public outrage was dialed back up. But in recent weeks, crude oil prices have slumped, recently enduring a seven day losing streak that saw futures prices lose more than 5% and hit a new two-month low. The recent weakness has caused some investors to rethink the assumption that oil is firmly entrenched on an upward path. “Supply outweighs demand by about 18-fold at a time when crude oil is finally starting to move based on supply and demand,” writes Sheena Martin. “Hardly a bullish sign for the commodity.” Others think investors may be [...]

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September 2009 ETF Roundup: Launches, Filings, and Closures

Andy H — Wed, 30 Sep 2009 07:00:40 +0000

September was one of the most active months in the ETF industry in recent memory. We saw a wave of new fund launches from industry leaders and smaller players alike, along with perhaps the first of many commodity fund closures. September saw the introduction of another actively-managed ETF, proposals on several more innovative funds, and expanding product lines from many of the industry’s newest entrants. New Fund Launches A total of 12 new ETFs were launched in September, ranging from plain vanilla iShares ETFs to a physically-backed Swiss Gold ETF from ETF Securities to an actively-managed fund run by best-selling author and well-known investor Harry Dent. ETFs added to our ETF Screener this month include: ETFS Physical Swiss Gold Shares (SGOL): This ETF has already proven itself to be a viable competitor to GLD, accumulating $100 million in assets in its first month of trading. Three new funds from Pimco, [...]

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New Short Crude Oil ETF Offers Unique Exposure

Michael Johnston — Sat, 26 Sep 2009 11:00:13 +0000

Denver-based United States Commodity Funds has launched another exchange-traded commodity product, its first to offer inverse exposure to commodity prices. The United States Short Oil Fund (DNO) began trading this week on the NYSE Arca Exchange. DNO is the sixth product from United States Commodity funds, joining products offering exposure to crude oil (USO), natural gas (UNG), 12-month oil (USL), gasoline (UGA), and heating oil (UHN). DNO will seek to track the inverse of the spot price of light, sweet crude oil delivered to Cushing, Oklahoma, as measured by the price of futures contracts on the commoidty. The fund will invest in near month futures contracts, except when the near month contract is within two weeks of expiration, in which case it will invest in the next month’s contract. The launch of DNO comes in a very interesting and uncertain regulatory environment. The Commodity Futures Trading Commission is “breathing down [...]

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ETF Database » DNO

Three ETF Plays For $30 Oil

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September 2009 ETF Roundup: Launches, Filings, and Closures

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New Short Crude Oil ETF Offers Unique Exposure

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