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![]() Stock-Encyclopedia.com U.S.-Listed ETF ![]() ![]() The ETF: United States Short Oil Fund (DNO)![]() Categories: ![]() All ETFs > Commodity ETFs > Resource ETFs > Energy ETFs > Oil Price ETFs ![]() All ETFs > Stock ETFs > By Investment Strategy > Short ETFs Advertisement United States Short Oil Fund The investment objective of DNO is to have the percentage changes of the units' net asset value inversely reflect the percentage changes of the spot price of light, sweet crude oil delivered to Cushing, Oklahoma, as reflected in the price of the futures contract as traded on the New York Mercantile Exchange that is the near month contract to expire, except when the it is within 2 weeks of expiration, in which case the futures contract will be the next month contract to expire.
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