RE:RE:RE:RE:Current Navpystocker wrote: I've sent an email, I think many more should follow up the same..
Not too long ago Horizon oil 2x leverage etf got broken when Oil crashed.. but that one did make sense, and inverse leverage etf was the only one got destroyed.. but this is off the hook too early .. I don't think I've seen anything similar to this extend with no obvious market direction crash.
Send them email's folks, .. they have email form on their web site.. not much you can do besides selling, but we don't want to do that...
Pystocker,
Like HOU, buyer beware.
Both HOU and these closed end funds are vulnerable to trading supply and demand. This will cause trading above or below NAV. Buyers should have know this.
What we do need to learn, myself included, is the redemption mechanism other's have mentioned.
Is there an ability to sell back to the fund at NAV??