Hi, I have been an active trader in this ETF since March 2020 and it has risen well since the low’s of March/ April. This is an ETF that trades on the German stock exchange so price in euros. It’s price is based on the Bloomberg WTI Crude Oil Subindex Total Return ie see https://www.bloomberg.com/quote/BCOMCLTR:IND .
Now due to the volatility it has been a high risk but high potential reward trade. I have had the pricing down to a very narrow gap ie when it is a certain price on Bloomberg it will be a certain price on OD7F. Some examples recorded by me over the last few months are
$81.72 Bloom = € 3.33 on OD7F
Then more recently in last few weeks
82.01 = 3.26
82.09 = 3.27
83.89 = 3.33
83.65 = 3.32
It’s a ratio of 25.1 on average but is now creeping up.
83.20 is 3.30 3/8/20 ie 25.21 ratio.
But the ratio is now fluctuating very day now. Has anyone else noticed this eg today Bloomberg rose to €86.57 but on OD7F the euro price was €3.41 ie ratio of 25.38. The ratio is increasing.
This is only really for those that trade this ETF but have you noticed it is harder to get gains now even though the Bloomberg Index is increasing each week?