Volume Spike Investor

We are seeing very active trading in the PowerShares DB Crude Oil Double Long Exchange Traded Notes (NYSE: DXO), the double-long leveraged ETN from Deutsche Bank that  is being closed.  This is over the regulation efforts to curb speculation in the energy markets by the CFTC.  Be advised… this ETN will now most likely trade like a closed-end fund rather than like an ETF or ETN and it will only have a very limited trading life for a few more days before it goes bye-bye…. This one is down almost 5% at $4.17 on 235,000 shares as of 8:32 AM EST.

-JON OGG