I don't really understand what you're asking? OOO opened up reflecting its NAV, which holds June WTI. The June WTI was up 24% from yesterday. OOO opened higher. It's share price doesn't exactly follow it's NAV as its market makers don't act on every trade. If you look yesterday it closed higher than its NAV so its share price wont open exactly 24% up on its close price. Also if you look at the announcements form betashares they stated this morning that they will be changing from 1 month to 3 months forwarding so it's NAV will be harder to determine exactly as they change. There will also be costs involved in doing so. The NAV is now changing dramatically as the June WTI was $14.15 this morning and July was $21. OOO doesn't directly offer oil exposure, it offers exposure to the WTI futures. There is a very big difference, like (-$37 June WTI) to ($20 spot price). Im not suggesting you buy this etf in any form, its costs and assosciated risks are outstanding. But I do suggest you research what your going to invest in.
OOO Price at posting:
$19.36 Sentiment: None Disclosure: Held
