Barclays short leveraged ETN terminated April 4


The Barclays Capital Short B Leveraged Exchange Traded Notes (BXDB), linked to the inverse performance of the S&P 500 Total Return Index, closed after a stop loss event.

As described in the prospectus and in a statement from Barclays; "a stop loss termination event occurs when the intraday indicative note value on any index business day prior to or on the final valuation date is less than or equal to 10.0% of the principal amount per Security, or $10.00 for each Security. Details of the stop loss termination event are below."

Holders of BXDB will receive a cash payment equal to the stop-loss redemption value on April 11.

Other S&P 500 Index ETPs: SPY, SH, SSO, SDS, IVV, VOO, SPXU, UPRO, SPXL, RSP, RWL, EPS, BXUB, TRND, SFLA, BXUC, SPLX

Comments (6)
  • Robert Enstrom
    , contributor
    Comments (313) | Send Message
     
    I've noticed a major divergence in treasury short funds like TBF, TBT, TTT beginning in Sept. 2013, about the same time the Fed started its reverse repo operations. I wonder if the Fed has gone into the business of slaughtering shorts to help hold up the prices in the bond and equity markets.
    7 Apr 2014, 12:42 PM Reply Like
  • Mattster
    , contributor
    Comments (165) | Send Message
     
    Wait... this thing stopped out and stole everyone's money right before this correction? Has to be the most criminal action I've ever read on here. Never buy Barclay's anything again.
    7 Apr 2014, 12:48 PM Reply Like
  • XRayD
    , contributor
    Comments (32) | Send Message
     
    From nearly $95 in 2011 to $9.91. Could have won the downhill in Sochi!

     

    $10,000 at inception worth $1216.
    7 Apr 2014, 02:11 PM Reply Like
  • tboyette
    , contributor
    Comments (37) | Send Message
     
    its this fund short meaning taking advantage of contago? if this is the case then why are they sucking so much unlike xiv ziv or was this barclay fund long?
    7 Apr 2014, 03:05 PM Reply Like
  • nicinv
    , contributor
    Comment (1) | Send Message
     
    If it's closed why is it possible to still trade it? Is trading still possible until April 11?
    7 Apr 2014, 04:48 PM Reply Like
  • kenser
    , contributor
    Comment (1) | Send Message
     
    weak... these are professional's running this thing. wow.
    11 Apr 2014, 11:59 AM Reply Like
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