Creations In UNL & DNO Resume

By
January 17, 2013
Share:

A regulatory bump in the road is now history for the energy ETFs ‘UNL’ and ‘DNO.’

 

Creations in the United States 12 Month Natural Gas Fund (NYSEArca: UNL) and the United States Short Oil Fund (NYSEArca: DNO) resumed today after having been halted since Jan. 10 due to a regulatory hurdle.

The updated registration statements United States Commodity Funds had to file for both funds in order to comply with a regulatory requirement were declared effective by the Securities and Exchange Commission today, the company said.

Trading and creations were halted on both funds on Jan. 10 following the filing of the updated statements, with trading resuming that same day, but creations remained halted until the SEC rubber-stamped the paperwork.

The New York Stock Exchange again halted trade in the two ETFs this morning for news pending, and resumed trade at 11:25 a.m. Eastern time.

The ETF provider said this regulatory requirement applies at least once every three years, and it’s normal procedure for funds such as UNL and DNO.

The new filings registered just over 8.9 million shares of DNO and 32.9 million shares of UNL.

UNL had about $43 million in assets and DNO had $13.2 million.

 

ETF.COM CHANNELS

Learn why commodity ETFs are an essential part of a diversified portfolio with our Commodity ETFs channel.

Learn why bond ETFs are an essential part of a diversified portfolio with our bond ETF channel.

ETF DAILY DATA

The ETF tracking the Dow Jones industrial average was the inflows leader on Thursday, Feb. 4.

ETF issuers saw little movement in their asset totals on Thursday, Feb. 4.

ETF.COM ANALYST BLOGS

By Matt Hougan

Here's why you should attend the largest ETF conference in the world next month.

By Dave Nadig

Barclays built in a premium to this exchange-traded note, so back away.

By Sumit Roy

Why this probably isn't the start of a bear market.

By Dave Nadig

Many challenges ahead for the rapidly growing industry.

ETF INDUSTRY PERSPECTIVE

By Heidi Richardson

Opportunities in Germany and the eurozone.

By Shirish Malekar

How to protect your portfolio with liquid alts.