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Rating:A PowerShares ETF Halts Trading Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, December 21, 2009

A PowerShares ETF Halts Trading

by: Daniel Tovrov

Trading of the PowerShares DB U.S. Dollar Index Bullish Fund came to a halt on Friday after the ETF ran out of available shares, The Wall Street Journal reported. This came amid strong market appetite for bullish dollar products.

PowerShares has filed with the SEC for the creation for 240 million more shares of the ETF. Additionally, the company is asking for 100 million more shares of its DB U.S. Dollar Index Bearish Fund as well. 

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