Replies to post #11 on Credit Suisse X-Links Crude Oil Shares Covered Cal (USOI)

[GO4AWILDRIDE]

Steve

This is a "Credit Suisse X-Links Crude Oil Shares Covered Call ETNs"

So this is an EXCHANGE TRADED NOTE linked to oil futures via Credit Suisse.

This has been traded since early 2017 its dividend has varied from $0.03 to $0.93

Hope this answers you question.


GO4AWILDRIDE

[Poooor1]

In my opinion ETNs are no different than owning stock. ETNs can be recalled and drop in value just like a stock can be wiped out by a company filing bankruptcy. I have been doing this a long time and have owned three companies that filed bankruptcy. I didn't receive ANYTHING for those shares from the bankruptcy court. Any security on the US stock market can go to zero. I am usually more concerned with the management team or financial history and strength in whatever I decide to invest in or trade. Credit Suisse seems to have a good history with their ETNs so I have bought their ETNs to have a monthly income. Good luck in whatever you decide.

On edit: USOI had a new 52 week Post pandemic high of $5.23 today.