Horizons ETFs Management (Canada) Inc - BetaPro S&P 500 VIX Short-Term Futures Daily Inverse ETF Class A BTTPF

HVI compared to XIV

[colonelross]

Just really looking into HVI for the first time here. As far as Inverse volatility ETFs go this one has a noticable difference from that of XIV or SVXY for that matter. What stands out to me is that initial pull back in HVI happened on Aug 3rd whereas similar etfs of this nature on other markets did not react this way untill the Flash Crash on August 20/21.
Can someone here familiar with HVI explain to me how HIV was so early to anticipate the VIX spike? Looking at the chart it seems like HVI was not inversly following the VIX at that time -
So how was this possible?

HVI compared to XIV

[colonelross]

Ahhhh so this had something to do with the "split"  ??? Thanks in advance to anyone who can clarify this for meplease.

[bubbleworld]

August 3rd was Civic Holiday in most of Canada's provinces. It was a Bank Holiday for all things CAD according to forexfactory. Thus, August 3rd was not even a trading day for this ETF. The price did not change dramatically between July 31st (Friday) and August 4th. (Tuesday) Whatever chart you're looking at, maybe you got to see some weird "after hours" type of stuff or it was

[SAGE1]

Using TMX money charting for these two comparison they appear to track directly. This shows xiv. If the HVI symbol does not show plug it into symbol comparisons. https://web.tmxmoney.com/charting.php?qm_page=97171&qm_symbol=XIV:US