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https://www.asx.com.au/asx/share-price-research/company/OOO

On 21st April futures price went in the negative xx$.. this ETF was trading at 4.24. Following day (22nd April) oil recouped in positive digits but OOO dropped to 2.6 which is a massive 39% drop in a day.
On 23rd April they announced (https://www.asx.com.au/asxpdf/20200423/pdf/44h5v9q79z7nnl.pdf) a "TEMPORARY CHANGE TO OOO’S UNDERLYING FUTURES EXPOSUREFROM ONE-MONTH TO THREE-MONTH WTI CRUDE OIL FUTURES CONTRACTS".

What is going on with this ETF?
Doesn't seem to track oil's upwards movements at all.
Including today 29th April which was a good day for oil futures, nevertheless OOO's market maker still set the price at yesterday's value of 2.52.

Thoughts on this?
I am considering contacting the regulators.

<blockquote data-quote="derangedlawyer" data-source="post: 1070234" data-attributes="member: 81628"><a href="https://www.asx.com.au/asx/share-price-research/company/OOO" target="_blank">https://www.asx.com.au/asx/share-price-research/company/OOO</a>On 21st April futures price went in the negative xx$.. this ETF was trading at 4.24. Following day (22nd April) oil recouped in positive digits but OOO dropped to 2.6 which is a massive 39% drop in a day.On 23rd April they announced (<a href="https://www.asx.com.au/asxpdf/20200423/pdf/44h5v9q79z7nnl.pdf" target="_blank">https://www.asx.com.au/asxpdf/20200423/pdf/44h5v9q79z7nnl.pdf</a>) a &quot;TEMPORARY CHANGE TO OOO’S UNDERLYING FUTURES EXPOSUREFROM ONE-MONTH TO THREE-MONTH WTI CRUDE OIL FUTURES CONTRACTS&quot;. What is going on with this ETF? Doesn&#039;t seem to track oil&#039;s upwards movements at all. Including today 29th April which was a good day for oil futures, nevertheless OOO&#039;s market maker still set the price at yesterday&#039;s value of 2.52.Thoughts on this? I am considering contacting the regulators.</blockquote>

[QUOTE="derangedlawyer, post: 1070234, member: 81628"] [URL]https://www.asx.com.au/asx/share-price-research/company/OOO[/URL] On 21st April futures price went in the negative xx$.. this ETF was trading at 4.24. Following day (22nd April) oil recouped in positive digits but OOO dropped to 2.6 which is a massive 39% drop in a day. On 23rd April they announced ([URL]https://www.asx.com.au/asxpdf/20200423/pdf/44h5v9q79z7nnl.pdf[/URL]) a "TEMPORARY CHANGE TO OOO’S UNDERLYING FUTURES EXPOSUREFROM ONE-MONTH TO THREE-MONTH WTI CRUDE OIL FUTURES CONTRACTS". What is going on with this ETF? Doesn't seem to track oil's upwards movements at all. Including today 29th April which was a good day for oil futures, nevertheless OOO's market maker still set the price at yesterday's value of 2.52. Thoughts on this? I am considering contacting the regulators. [/QUOTE]

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