[Featured Stock] June WTI Halves... Crude Oil Inverse ETN 'Strong'
[Asia Economy Reporter Minji Lee] As international oil prices plummeted for the second consecutive day, inverse ETNs betting on the decline of crude oil are showing strength in the stock market.
At 9:17 a.m. on the 22nd, the 'QV Inverse Leverage WTI Crude Oil Futures ETN' was trading at 16,265 won, up 38.65% from the previous session. Other ETNs also rose, including 'Shinhan Inverse 2X WTI Crude Oil Futures ETN' (31.22%), 'Samsung Inverse 2X WTI Crude Oil Futures ETN' (30.28%), 'Shinhan Inverse WTI Crude Oil Futures ETN' (29.80%), and 'TIGER Crude Oil Futures Inverse' (22.77%).
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On the 21st (local time), June delivery WTI on the New York Mercantile Exchange (NYMEX) closed at $11.57 per barrel, down 43.4% ($8.86) from the previous day.
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