|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||50.68 - 54.15|
|52 Week Range||47.07 - 95.27|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.00%|
Remember the surprising announcement about the closure of the VelocityShares 3X Inverse Crude ETN linked to the S&P GSCI Crude Oil Index Excess Return (NYSE: DWTI ) and the VelocityShares 3X Long Crude ...
This past year has been a record year for ETFs, and we don’t mean launches. The list of ETF/ETN closures has topped out at 128 products for 2016. That’s far beyond the 102 closures that represents the previous record. “This isn't a sign of weakness; it's a sign of health. The ETF industry is still in the throes of creative destruction,” said ETF.com CEO Dave Nadig regarding the high level of delistings. “It's far better that funds are closed than that they sit around becoming untradable zombies.”
Some investors may not have seen the post-market close announcement from Credit Suisse and therefore had an unnecessarily uneasy weekend, contemplating the fact that they were possibly stuck holding shares of the VelocityShares 3x Long Crude Oil ETN (UWTI) and the VelocityShares 3x Inverse Crude Oil ETN (DWTI).
I’ll admit it: I just had to be a part of it. We’ve covered here, over and over again, the pending demise of the VelocityShares triple leveraged oil ETNs backed by Credit Suisse: the VelocityShares 3x Long Crude Oil ETN (UWTI) and the VelocityShares 3X Inverse Crude Oil ETN (DWTI).
In a rather stunning last-minute development, as the VelocityShares triple-leveraged oil ETNs neared their delisting at the close of business on Thursday, Citigroup announced this afternoon that it would be launching a pair of VelocityShares-branded exchange-traded notes that are s
Thursday is the final trading day for two popular crude oil trading instruments: VelocityShares 3X Long Crude ETN linked to the S&P GSCI Crude Oil Index Excess Return (NYSE: UWTI ) and VelocityShares 3X ...
Oil traders will be losing a pair of the most popular leveraged trading tools this week. Credit Suisse has announced the delisting of the VelocityShares 3X Inverse Crude ETN linked to the S&P GSCI Crude ...
The EIA (U.S. Energy Information Administration) reported that US refinery crude oil demand rose by 134,000 bpd (barrels per day) to 16,417,000 bpd between November 25 and December 2, 2016.
Today is the last day for two Credit Suisse ETNs to trade on the NYSE Arca exchange. The VelocityShares 3x Long Crude Oil ETN (UWTI) and the VelocityShares 3x Inverse Crude Oil ETN (DWTI) will delist after the close of trading today, but will continue to trade over-the-counter.
According to an EIA report on November 30, 2016, US crude oil inventories fell 0.88 MMbbls for the week ended November 25, 2016.
New York (Reuters) – Investors are rushing to get out of a top exchange-traded note before it stops trading publicly, and those who fail to find a buyer may be stuck for years in a widely misunderstood product. Credit Suisse's $1.1 billion VelocityShares 3x Long Crude Oil ETN (UWTI) is poised on Thursday to become the largest-ever note to be delisted from U.S. exchanges.
Goldman Sachs (GS) expects successful implementation of OPEC’s plan to reduce crude oil production to result in a further increase in crude oil prices.
The latest figures from the EIA suggest that non-OPEC crude oil production fell 386,600 bpd in August 2016 compared to the previous month.