PowerShares DB U.S. Dollar Bullish (NYSEArca: UUP) has been granted new shares by the Securities and Exchange Commission (SEC). Issuance will resume beginning this morning.

Last week, trading in PowerShares DB U.S. Dollar Bullish (NYSEArca: UUP) was halted after it ran out of available shares. Trading was resumed after a filing with the SEC for 100 million additional shares was made.

At the close on Thursday, the fund was trading at a 1.8% premium. As normal trading resumes, the premium should slowly start to dissipate, but it may not happen immediately.

Some funds have limits on how many shares can be created at a time. Heavy trading volume can deplete the supply, in which case the provider files an 8-K with the SEC for more shares. While existing shares of an ETF can be traded while approval is awaited, funds run the risk of trading at a premium to their net asset value (NAV) in the meantime. Approval can take days, weeks or months.

A similar situation was seen with United States Natural Gas (NYSEArca: UNG) when the fund ran out of shares. (What happened?)

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Tags: Commodity ETFs, Currency ETFs, Energy, Natural Gas, U.S. Dollar, UNG