It looks like SXY is crippled by long short fund in my suspicion. Long other oil producers such as BPT and COE and short SXY to balance those fund exposure to oil sectors.
With the oil price pushed up political and by war, SXY will make ever more money. The short will have to pack up if the oil price is kept up. Hopefully we will get to see “Run, shorties run”, and we get to enjoy “Runs, SXY runs!” before August
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It looks like SXY is crippled by long short fund in my...
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