UNG problem at UUP
Divergence yesterday between PowerShares DB US Dollar Index Bullish and index that it tracks Dollar Index (DXY) as fund manager used up SEC registered shares. Similar to United States Natural Gas earlier this year, covered on Tainted Alpha. DB Commodity Services LLC filled to the U.S. SEC to register 100,000,000 additional shares in order to meet investor demand. Reuters story:Deutsche Bank unit files for 100 mln new UUP shares. Also, more important large volume in call options, looks someone is looking to profit on short covering/squeeze.