No Mas: No More New Shares Of Double Long Ag ETF

Deutsche Bank DB said it will no longer issue new shares of the PowerShares DB Agriculture Double Long ETN DAG, a popular double leveraged play on agriculture commodities, perhaps in a move to comply with new restrictions set forth by regulators on commodities-related exchange traded products. "Daily repurchases at the option of holders of the notes will not be affected by this suspension, but the product will not be offered to new investors," Deutsche Bank said in a statement. All of the PowerShares DB Agriculture ETNs are based on a total return version of the Deutsche Bank Liquid Commodity Index — Optimum Yield Agriculture, which is intended to track the long or short performance of the underlying futures contracts relating to corn, wheat, soybeans and sugar, according to the PowerShares Web site. Surely the issue of suspending the creation of new DAG shares isn't performance as the fund has been on fire lately, which brings us to our next point: Subscribers to the ETF Professor's premium service (http://www.benzinga.com/etf-professor) were told to purchase DAG at just over $12 less than two months ago. DAG closed at $15.96 today.