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DB Crude Oil Double Short ETN Message Board

  • beardownandhold beardownandhold May 15, 2012 4:38 PM Flag

    why is DTO up less than the amount that oil is down?

    Oil down 1.7%, DTO up 1.4%.

    Someone please explain.

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    • You will see the same thing happen again today.

      That is, oil closed yesterday at 2:30EST at 93.98. But after that time in electronic trading is fell further.

      So today, oil will show being down...let's say $1.00 and DTO will either trade at even with yesterday's closing price (4PM) or just a little up.

      And it will appear that it doesn't track with oil. For today.

      So if oil drops alot today DTO will not rise as advertised. Conversly, if oil goes up today...DTO will not fall as bad as you think it would.

      Let's see what happens.

    • Oil was off about 1% from where the ETF's closed yesterday. So DTO should have been about -1.8% vs the -1.4% that it was. As for the reasoning behind the difference, I do not know, perhaps it is just another investment tool that falls short for the individual investor.

      For Example: if you plot DTO vs OIL or USO on the 1 year Chart in Yahoo, you will see that they are all down from where they started.

117.96-0.82(-0.69%)Nov 25 4:00 PMEST