| United States Short Oil Fund issues shares traded on the NYSE Arca, Inc. Co.'s net assets consist of investments in short positions in futures contracts for WTI light, sweet crude oil, other types of crude oil, diesel-heating oil, gasoline, natural gas and other petroleum-based fuels that are traded on the New York Mercantile Exchange, ICE Futures or other U.S. and foreign exchanges and, to a lesser extent, in order to comply with regulatory requirements or in view of market conditions, other crude oil-related investments such as cash-settled options on Futures Contracts, forward contracts for crude oil, cleared swap contracts and non-exchange traded over-the-counter transactions. We show 9 historical shares outstanding datapoints in our DNO shares outstanding history coverage, used to compute DNO market cap on those dates.|
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing DNO market cap history over the course of time is important for investors
interested in comparing DNO's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of DNO versus a peer is one thing; comparing
DNO market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like DNO can fluctuate over the course of history.
With this page we aim to empower investors researching DNO by allowing them to research the DNO market cap history.