Earlier in the week, PowerShares DB Crude Oil Double Long ETN (DXO) also stopped issuing shares, also in anticipation of new CFTC limits. The new regulations were imposed after the UNG fund, along with the commodity market in general, was accused of manipulating futures prices and market fluctuations.
The CFTC did rule yesterday that PowerShares DB Commodity Index Fund (DBC) and PowerShares DB Agriculture Fund (DBA) are no longer exempt from position limits in wheat and corn.
Meanwhile, we may be seeing other commodity-based notes and funds temporarily suspend trading while they wait for an official CFTC decision.
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