ETFs is one of the new trading items in the ASX.In particular...

ETFs is one of the new trading items in the ASX.

In particular the Oil ETF has ASX code OOO.

Question: Why is there only 7 trades on this today? Why such low volume. Can't figure this out.

I have been interested in ETF - and thought this may be a good time to buy oil - but is no one trading this on the ETF? Or am I reading something wrong.

By the way, the ASX has also recently got more commodity ETFs available. There is a list of a variety of ETFs at:

http://ozstock.blogspot.com.au/2009/11/etfs-buy-sell-indices-and-metals-on-asx.html