DXO (Double Long Crude ETN) Closed By Deutsche Bank

[SpreadDestroyerr]

http://finance.yahoo.com/news/Deutsche-Bank-to-Redeem-bw-2126168798.html?x=0&.v=1

 

[DeathEatsaCracker]

Wow.

 

[DeathEatsaCracker]

Question:

If the price of DXO reflects futures oil contracts, why did the price plunge AH on this news?

 

[tiznow]

it'll liquidate at NAV on sept 9th

closing NAV yesterday was 4.19...at 4.12 now....

 

[kuwlness]

The good investment brokers are going thru the trash and removing junk ETN/ETFs in a hurry. They're trying to limit the leverage speculators have on Futures trading. Getting rid of these silly ETN/ETFs is a blessing for the average investor who doesnt realize these are day-trading stocks only, not to be held for periods of more than a week or two at most.

 

[SpreadDestroyerr]

The good investment brokers are going thru the trash and removing junk ETN/ETFs in a hurry. They're trying to limit the leverage speculators have on Futures trading. Getting rid of these silly ETN/ETFs is a blessing for the average investor who doesnt realize these are day-trading stocks only, not to be held for periods of more than a week or two at most.

Well said! Just another heist to add to the list on Wall St.

 

[tanner12oz]

these exotic investment are horrible investments...i was in USO when oil bottomed and got out at oil $70....oil went up like 150% and USO didnt even come close to a double. contango played havoc on the investment..