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DTO
  PowerShares DB Crude Oil Double Short ETN - NYSEARCA

9/21/2014, 10:24 PM ET
  • didaskalos | Send Message 28 Nov 2011

    I was flat on the day. I closed DTO with a loss, but gained the same on DGP. BOIL returned to where I bought. I scaled into a few shorts.
    Reply (2)
    • Justin M. Hall | Send Message 28 Nov 2011
      : Didaskalos: I like BOIL. See also GASL.
    • Justin M. Hall | Send Message 28 Nov 2011
      : I'm also a fan of trading DTO. We did well with it back in the spring (2011).
      DTO vs. ETF Alternatives
      DTO Description
      All of the PowerShares DB Crude Oil ETNs are based on a total return version of the Deutsche Bank Liquid Commodity Index-Oil (the "Index") which is designed to reflect the performance of certain crude oil futures contracts plus the returns from investing in 3 month United States Treasury bills. The Long ETN is based on the Optimum Yield™ version of the Index and the Short and Double Short ETNs are based on the standard version of the Index. The Optimum Yield™ version of the index attempts to minimize the negative effects of contango and maximize the positive effects of backwardation by applying flexible roll rules to pick a new futures contract when a contract expires. The standard version of the index, which does not attempt to minimize the negative effects of contango and maximize the positive effects of backwardation, uses static roll rules that dictate that an expiring futures contract must be replaced with a contract having a pre-defined expiration date.
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