Post by
Iseneschal on Feb 06, 2018 9:50am
HVI News Release
FOR IMMEDIATE RELEASE
Horizons ETFs Announces Trading Halt for BetaPro S&P 500 VIX Short-Term Futures™
Daily Inverse ETF
Toronto – February 6, 2018 – Horizons ETFs Management (Canada) Inc. (the “Manager”)
announced today a trading halt on the units of the Horizons S&P 500 VIX Short-Term Futures™
Daily Inverse ETF, which trades on the Toronto Stock Exchange under the ticker symbol
(“HVI”).
HVI seeks daily investment results, before fees, expenses, distributions, brokerage commissions
and other transaction costs that endeavour to correspond to the inverse (opposite) of the daily
performance of the S&P 500 VIX Short-Term Futures Index™.
The Manager’s decision to halt HVI followed its assessment of the extreme volatility in VIXfutures
market that occurred in after-hours market trading yesterday. The unexpected level of
volatility has impaired the trading of the underlying derivatives used by many VIX-related
exchange traded products that seek to provide inverse exposure to the S&P 500 VIX Short-Term
Futures.
The Manager continues to monitor the trading activities in these underlying derivatives and will
advise if any further action on HVI is required in due course. In accordance with HVI’s
declaration of trust and subject to any necessary regulatory approvals, the Manager has also
temporarily suspended redemptions and new subscriptions until further notice.
For investor inquiries:
1-866-641-5739 (toll-free) or (416) 933-5745
info@horizonsetfs.com
For press or other inquiries:
Mark Noble, Head of Sales Strategy
Horizons ETFs Management (Canada) Inc.
(416) 640-8254
mnoble@horizonsetfs.com
Horizons
Comment by
jicoop on Feb 06, 2018 9:51am
both hvi and hvu are halted. yet UVXY is allowed to trade... PROSHARES ULTRA VIX SHORT-TERM FUTURES ETF(UVXY:NYSE ARCA, US) 14.95USD7.92(-34.63%)Volume: Above Average Set AlertAdd to Watchlist As of 06 Feb 2018 at 9:51 AM EST.
Comment by
TG1960 on Feb 06, 2018 10:00am
and the VXX is trading also...ipath S&P500 vix short term futures?
Comment by
VivianRich on Feb 06, 2018 9:52am
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