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

RE:RE:one time to one-half times

[dm27427]

If there is demand, but no new supply of units in the fund, price goes up based on what the market is willing to pay. If there is slack demand, price will stay close to NAV or decline. As of now, price is down on the day, but very close to where it should be, by comparison with SVXY. S&P 500 is down on the day, VIX future term structure is in slight backwardation. Price is behaving as it should. I'm still nervous though!