Hi
Was wondering , even my bank had no idea why ….
Maybe I miss info on how that kind of investment works ?

I bought this early this year .
Had a nice run from around 24$ to near 30$ yesterday for a basket of commodities .
I think it’s based on futures.

This morning it open at 25$????
No news about the why ?
Every other etf (like DBC) didn’t move much .
I check the volume , it’s over the daily volume average but not crazy , shrug .

No idea why it drop by like 20% ????
The cost of managing is reasonable too at .25% ?
Nav still at 30$ !

Regardless it Stayed low the entire day ???

But the most strange thing is, when I look at the daily % changes , site like yahoo speak of the etf daily change just drop 20 cent ?????
Not even 1% ????
But I did lose around 20% in 24 hours ?
And Nop , i did not end up with more shares like through a split .

What am I missing ?
Any expert here ?

I check the last 5 years and no where there was a drop that big either ?

Thx .

more than likely a year end Dividend payout

check your account after the close/tomorrow and you will see the adjustment

Hopefully your right .
when I look at the past dividends (minuscule) I don’t see anything that would explain a 20% drops .

Will see , thx

Long night ahead

What's the ticker symbol?

Comb.us

Graniteshares Bloomberg commodities

The info I saw on that fund said management has discretion on what it can hold. It has a lot of non commodities fixed income. Looks like a lot of T Bill "bonds" in holdings. TLT took a hit that day so all the fixed income had a bigger drop than the commodities etfs. Be aware this isn't a pure commodity ETF. Lots of fixed income. I think that might have been something to do with it.

Ok thx
Still hard to understand why all cotation just shows a 1% loss for the day .
If that was due to a hit on the funds, shouldn’t a 15-20% drop been indicated instead of a .75% loss ?

Fwiw, I have trouble to see how a small portion like 16% holding could have such a drastic effect on the 80% portion to accomplish a 15%-20% drop .
If it’s the case , I certainly won’t stick with them ….
I lost an entire year almost of profit for that sector .

Didn’t seem the bonds drop that much .
Thx for info .

Ok yeah, I don't understand the 15% drop either in that case if it was that much. It's pretty common for funds to trade below or above NAV for periods of time. I took a hit on PFN months ago. I know it sucks. Same stuff they just drop sometimes. There's a lot of inner workings on these ETFs

Obv a hugely unreliable source, from a comment on internet , saying someone called graniteshares
And they told them they expect a 4$ return per share o0…..

When I see the last 4 years having dividends ranging from 2cents last year to a max of 35cents 3 years ago I am hugely sceptical.

Finger cross it’s true ……

I just never see a something like this tho before , shrug .
Even my bank had no answer about this .

Did it went up again ?
That is one area where I’m bit lost on why such drastic change can occur for nav valuation and what makes them thick so much sometime for seemgly no reason .

I almost got screwed (if we call it that ?) with a bitcoin fund I exist early enough , got lucky .
It was gbtc I think .

Got trouble grasping the why and the function of it .

no the holdings actually did drop in value. It was a huge one day drop too though.

They usually do manipulate prices lower overnight, for everything, because it's easier when there's lower volume.

Here is an excellent post about something similar but I don't think this is what happened to you:
https://www.reddit.com/r/financialin...as_much_as_14/

it was a distribution
https://screener.fidelity.com/ftgw/e...l?symbols=COMB

Thx .
Seem the source was correct .

Yahoo finance shows big year-end dividend