Are Inverse ETFs... At Risk of Disappearing ?
Banged my head on this for a few hours today... not all wasted time, but not fun...
Still working on updating my own list of inverse ETFs... and will begin risking them.
CLAW, DBRT...
DWTI... a very odd chart on Yahoo... no chart on StockChart.com... and only a 12% move today ? Hmmm. DRIP up over 30% on the day... in the aftermarket. So, oil is settling... but the shares haven't fully priced the oil price changes yet ?
Or, maybe CLAW and DBRT are still there.... but they won't show them to you ? Yahoo now says "no matching symbol" for DBRT. It was "AxelaTrader 3x Inverse Brent Crude Oil ETN"... so, what happened to AxelaTrader ? Axela is Credit Suisse... the DBRT was rolled out in September of 2017.
For CLAW... Yahoo doesn't acknowledge it ever existed. Stockcharts gave me a chart on it earlier today that made my mouth water. Now, nothing. It was "Direxion Daily Homebuilders & Supplies Bear 3X Shares ETF" It was Zeroed out in 2017 ? Seeking Alpha: CLAW is defunct. But DBRT too looks like it wrapped up in 2017 ? The 2017 article notes:
Interestingly, Credit Suisse was behind the popular VelocityShares 3x Long Crude Oil ETN (UWTI) and VelocityShares 3X Inverse Crude Oil ETN (DWTI), which shut down suddenly in December last year. The speculation at the time was that the firm was trying to clean up its balance sheets and the large ETNs represented a liability. But, DWTI seems to have been resurrected at some point ?
A shift from DWTI with no F as VelocityShares to DWTIF as AxelaTrader ?
The list I'm working from says it was updated Feb 12, 2020... but lists dead funds from three years ago... some which seem to have magically come back to life ? Others not so much ?
Yahoo finance showed me DGLD for a second... then quickly switched me to a screen requiring me to sign in before they'd show it to me... but my persistence paid off... on the third try switch to an alternate search bar (not the quote lookup) and then they let me see it. But, they're still trying to open new links (which I have filtered) to open analytics and geolocation functions, along with linking to cross border sites that ensure granting the right for "spying on you"... as is true of any communications that cross the border. So, any .cdn references you see in the links in your web link screeners... are "spying authorizations". Suddenly, it seems, since yesterday... having an interest in inverse ETF's is worthy enough to get you being spied upon... |
