oil ETFs

Discussion in 'ETFs' started by PnL Rally, Apr 10, 2008.

  1. Why does UCR have much less volume then USO, and why does it trade at a substantial discount to its NAV? I'm looking at it because it has an 8.45% discount to it's NAV, but I haven't traded closed end funds so I don't have any sense as to whether this discount will close quickly or if it will persist. Is long UCR short USO a layup, or am I missing something?
  2. thanks for the link
  3. m22au