Another exchange traded product was hit by irregular trading on Friday when a fund designed to bet against commodities briefly surged in price before settling back down.
PowerShares DB Commodity Short ETN (NYSEArca: DDP) traded in a wide range between $34.14 and $46.02 a share on Friday, according to data from Nasdaq.com.
The chart below shows the exchange traded note surged above $70 a share at one point but it appears those trades were cancelled.
Earlier this week, two bond ETFs experienced dramatic price moves due to trading glitches. [Bond ETFs Hit by Erratic Trading]
DDP is a relatively small product with $5.6 million in assets and daily trading volume of 10,578 shares, according to Morningstar.
PowerShares DB Commodity Short ETN
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