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Short Commodity ETF Spikes

tlydon@globaltrend.com (Tom Lydon)

Another exchange traded product was hit by irregular trading on Friday when a fund designed to bet against commodities briefly surged in price before settling back down.

PowerShares DB Commodity Short ETN (DDP) traded in a wide range between $34.14 and $46.02 a share on Friday, according to data from Nasdaq.com.

The chart below shows the exchange traded note surged above $70 a share at one point but it appears those trades were cancelled.

Earlier this week, two bond ETFs experienced dramatic price moves due to trading glitches. [Bond ETFs Hit by Erratic Trading]

DDP is a relatively small product with $5.6 million in assets and daily trading volume of 10,578 shares, according to Morningstar.

PowerShares DB Commodity Short ETN