Unknown investors in the VelocityShares 3x Inverse Crude
Oil Exchange Traded Note (ETN) - which offers the ability to make a bearish bet on prices
magnified threefold, with gut-churning ups and downs -bailed out early this week after jumping into the fund in
January, ETN data show.
Some 1.8 million shares worth more than $602 million were
redeemed on Tuesday, the largest outflow from the ETN in
history, according to data from FactSet Research.
Oil Shorts redeemed
Posted by sbaxman111 on 4th of Feb 2016 at 02:01 pm
Unknown investors in the VelocityShares 3x Inverse Crude Oil Exchange Traded Note (ETN) - which offers the ability to make a bearish bet on prices magnified threefold, with gut-churning ups and downs - bailed out early this week after jumping into the fund in January, ETN data show.
Some 1.8 million shares worth more than $602 million were redeemed on Tuesday, the largest outflow from the ETN in history, according to data from FactSet Research.
The selloff suggests that at least some big investors are betting that the worst of an 18-month oil market rout is over after U.S. prices fell to $26 a barrel last month for the first time since 2003. Trading activity has also jumped to the highest levels on record.
sbaxman, thanks for sharing. Your
Posted by hamvestor on 4th of Feb 2016 at 02:35 pm
sbaxman, thanks for sharing. Your posts are always interesting and useful.
Well, I thought my statistical
Posted by sbaxman111 on 4th of Feb 2016 at 03:38 pm
Well, I thought my statistical stuff on DUST yesterday was "interesting", but it certainly wasn't very "helpful" - LOL
Ditto!!
Posted by pebs on 4th of Feb 2016 at 02:41 pm
Ditto!!