PowerShares used to report their holding each day but stopped the reporting the day after the huge spike, my guess is the took the chance and sold all their holding that day or the day after. So they might faced a little loss since they had bought Omer at 25s range.
I think some tutes did the same and reduced their holding.
You mean 1.3 b is not a huge debt with oil at 40$, they will add to debt at every Q report and watch the debt level in Q1 2016
one day shorts pay for it, look at omer, shorts 28% of float and they are in deep trouble
Patience is the key
I do not think shorts can easily cover, no shares available out there and too many shorts