Can someone explain why Credit Suisse 3x ETF suddenly went to 15k

They explained it:
“As part of the delisting, Credit Suisse stopped creating new shares in the ETN.”

Since they’re no longer creating new shares then there is very limited supply of shares, so it’s the effect of supply vs demand. Just like with bitcoin.
 
ETN is not an ETF. So there are different underlying instruments. I am not sure but I think that makes it harder to go 3x and stay stable. I did not really understand from the article, like you, how it exactly went so high. But the interesting thing to me is they busted the "trades" based on the super high price by liquidating it.
 
grashed said:
I read the bloomberg article: https://www.bloomberg.com/news/arti...ral-gas-etn-that-went-parabolic?sref=Pe2MZYR1

but I dont understand why the ETF's notional value would be so drastically more than the actual value of the underlying. Sorry for the noob question.
More...
%%
Part of its nat gas has bankrupted so many on its vol.
As with nat gas X3 UGAZ went from about $200 k to$500,000 in a few months, but its priced @$15 @ close/LOL.I used round numbers /the us treasury/banks were short of change.
Ive had some good moves in tech etfs/etns/ but never lost or gained that much;
but then======= I never wait till the last minute to pay off a note.
You would not know why WSJ promoted a penny stock like HEAR/Turtle Beach, would you ??They kept promoting it until it went up about 10x. or 20 times, let me check my chart...…….NOT a stock tip or WSJ promo======== I like IBD Newspaper better
 
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