Just a week after we posted Oil ETF is Moving the Market, the $3.4 billion U.S. Oil Fund LP (USO) has said it will renew expiring crude futures positions over the course of four days each month. The current practice is to renew expiring positions in one day. However, the fund’s rapid growth has resulted […]
Tag Archives | OIL
Oil ETF is Moving the Market
Can an ETF be too big? That’s the question raised by the WSJ‘s Carolyn Cui. In the article Huge Oil Fund Rolls Positions, Roils Market, Crude Price, Cui writes that the United States Oil Fund (Ticker: USO) rolled its positions on Friday into the subsequent month. The $3.3 billion fund accounts for about 22% of […]
iPath ETNs and Barclays’ Future
Investors are asking questions about the future direction of iPath ETNs and the health of parent bank Barclays according to Ian Salisbury and the Wall Street Journal. According to the article Trouble at Barclays Raises ETN Worries, the recent decline in Barclays PLC’s share price is spreading worry that investors in iPath ETNs could face […]
Obama Victory Casts a Shadow on Solar ETFs
Contrary to popular opinion, an Obama victory was anything but good news for Solar ETFs. Smart Money‘s Rob Wherry reports that, despite the fact that the solar industry had been speculated to be a potential beneficiary of a Democratic administration, the Obama Bounce failed to materialize. The Market Vectors Solar Energy ETF (KWT) and Claymore/MAC […]
Oil Bust | KOL, XME
If you haven’t seen it yet, check out Rob Wherry’s ETF Outlook on SmartMoney TV. In this week’s edition, Wherry covers the post-Gustav oil bust and the decline in energy-related ETFs such as the Market Vectors Coal ETF (KOL), down 14.9% last week, and the SPDR S&P Metals and Mining ETF (XME), down 11.7% last […]
