Is there some reason UUP is halted?

Discussion in 'ETFs' started by Darshan, Dec 18, 2009.

  1. Darshan


    I can't remember ever seeing an ETF halt? Weird....

    Wondering if you guys had any idea what's going on?
  2. zdreg


    important is that the alternative udn is still trading if u need to do something
  3. Darshan



    perhaps market makers are now trying to pin stocks on options expiration by halting them:)
  4. Darshan


    Or perhaps..CHINA IS SELLING:)
  5. BSAM


  6. GTG


    I read somewhere earlier today that they are unable to create anymore ETF units or something like that. Maybe that has to do with the halt?
  7. Had been halted pending this news:

    Press Release Source: Deutsche Bank On Friday December 18, 2009, 10:05 am EST

    NEW YORK--(BUSINESS WIRE)--DB Commodity Services LLC today announced that new creations of the PowerShares DB US Dollar Index Bullish Fund (NYSE Arca: UUP) are temporarily suspended pending clearance and declaration of effectiveness of a registration statement for 240,000,000 additional shares by the US Securities and Exchange Commission, the Financial Industry Regulatory Authority and the National Futures Association. To manage exceptional investor demand for UUP, DB Commodity Services filed a registration statement for additional shares on Dec. 8, 2009.

    Additional information is contained in two related 8K filings which are available at: DB Commodity Services LLC will issue an additional 8K once the registration statement has been declared effective by the SEC.