Replies to post #52 on UBS Ag (WTIU)

[luckydude777]

Has Proshares stated that in writing? If so, I would like a link to it.

Thanks

[hondaboost]

Nope. You’re wrong. The company made an announcement to cancel this ETN: “ WTIU is an exchange traded note (“ETN”) which seeks to track three-times the daily performance of the Bloomberg WTI Crude Oil Subindex ER. However, as of March 24, 2020, UBS announced that it would suspend further sales of the WTIU and that outstanding shares would be redeemed by UBS on April 9, 2020. UBS has already had three other ETNs undergo mandatory redemptions: HOML, MLPZ, and SMHD, with the announcement of seven additional mandatory redemptions less than one week later: BDCL, HDLV, LBDC, LMLP, MORL, MRRL, and DVHL. These funds all employed leverage and were invested in risky sectors. Investors may seek damages for violations of sales practice rules and regulations, as set forth by the Financial Industry Regulatory Authority (FINRA) in arbitration. However, if you invest with E-Trade, TD Ameritrade, Charles Schwab, Fidelity, or Interactive Brokers or made self-directed trades, this investigation does not apply to you..”