UBS will shut down a pair of oil and gas ETNs on Jan 23


The last day of trading for the UBS ETRACS Oil Futures Contango ETN (OILZ) and Natural Gas Futures Contango ETN (GASZ) will be tomorrow; the final price of both was determined January 17th.

Both started trading on June 16th, 2011 and have less than $11 million assets each, but UBS has not issued an official reason for their closure.

Alternative oil or gas ETPs: UNG, USO, OIL, UCO, UGAZ, SCO, GAZ, BOIL, DGAZ, DBO, DTO, UNL, CRUD, KOLD, USL, NAGS, GASZ, DNO, UWTI, SZO, OILZ, DWTI, DCNG, OLO, OLEM, TWTI

Comments (1)
  • horsebite
    , contributor
    Comments (46) | Send Message
     
    It's because UGAZ is losing money. Its ok for me to lose money but not the banks
    21 Jan 2014, 06:40 PM Reply Like
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