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

HVI traded as low as $1.74 on May 31, 2012 it took 5 years

[AHybridofStreetandStocksmarts]

and 2 months to get to $24.80;  let's hope it will recover faster this time and does not go bust instead; I just don't see an apparent reason for the sell-off,  hopefully, this will bring in new people suffering from FOMO...then things should calm down with new buying in the market and HVI resume its normal incline.

Cheers,

Hopeful

[tfbhg102938]

not many people will have that kind of patient. Consolidation will be another option in here but not at this time. Market is still in the mood of sell-off so HVI wont get any benefit from it. We will see how it plays in couple month from now. 

[Iseneschal]

$1.74 ?.........................I don't think so. You better adjust your chart for 2 splits........and I don't mean Reverse Splits . !!! Sh8t...........the 2012 stock market was up 50% from the lows in 2009.... and your telling me this was trading at $1.74..............Come on !!!

[marxiste]

You are right.  From now or soon, when this stupid panic will end, HVI can retreive a lot of value .  It is what the HVI chart  shows since 10 years.  For those who do not understand, look ay HNU charts for instance.  HNU is now at 3.72. The adjusted price at he end of february 2014 was about 180$.

[LongGuy]

I've been trying to get a handle on this hvi.  I actively trade hnu hnd hou hod and realize the erosion that can occur with rebalance contango etc.  My question is exactly what does this fund invest in?  Description is very vague.  It has dropped so much that it's calling me...lol.  I just bought 1000 shares at $1.75...no big deal...just some burn money I have

[sailor1986]

Svxy j/went up around 8%after hours 415pm.If market opens flat tomorrow hvi should be up around 8%

[LongGuy]

Maybe I should have bought 10,000 shares..aaauu....greedy...hah. They have a Horizon guy on BNN right now. Thanks for tip.

[marxiste]

HVI is linked to VIX and take value with time when VIX is kept low. It is as you say not too obvious in what derivatives they invest but historic curve is interesting.  We are not on the brink of a recession... this panic will stop and VIX will drop.  Maybe as soon as tomorrow this process wil begin... I would wish HVI to drop somewhat before... to what...  1.25... ?  I don'

[LongGuy]

Hmmm...still trying to understand...very much a beast above my current knowledge base.  You are right....no recession in sight...if anything full steam ahead once this overdue correctiion is done.  Is there a realtime VIX chart you can recommend.  I guess you would monitor this chart and buy/sell based on the spikes/drops?  Yes? btw...Horizon Exec on BNN filled me in a bit

[marxiste]

I look at the VIX chart on  investing.com.   But i do not trade fast because i do not touch very often to HVU. I look at the tendencies.  VIX is very strong..to fall...  This week i've get in HVI too early, frankly i've not been very bright, but i may average down to bring price around  2,5 $

[LongGuy]

This chart? https://www.investing.com/indices/us-spx-vix-futures So if the VIX rises so will HVI is what I am understanding?  Is it 1 to 1 or a ratio?  I know that when I trade HNU/HND it's 2 to 1. Thanks, LongGuy

[investderp]

VIX goes up, HVI goes down... did you even read the prospectus?

[LongGuy]

I realized that after I sent my post.  No I didn't.  I guess I got caught up with the  media hipe and dump.  This might not be something I should be trading. 

[lithomon]

LongGuy, Be cautious about this Horizons ETF, it's FLAWED in both directions, as extreme after hours volatility in the USA can continue to wipe out the Full value invested at each declining price level.  That means volatility either way and that is what the system has rigged to wipe everyone out which is what happened to this ETF mostly on Monday after 4pm during after hours trading. 

[investderp]

"HVI does not seek to achieve its stated investment objective over a period of time greater than one day." straight from their prospectus.

[LongGuy]

Thanks for weeding that out for me.  I had reading those prospectus logs....as much as I should as part of my dd.  It's all coming together now.  Thanks invesderp!  LongGuy

[LongGuy]

"hate"  not had...I should proof read more often.

[Nakate]

hvi requires low volitility and a falling vix to thrive. Quantatative easing and falling interest rate were the perfect mix, those years look to be on the decline. Volitility is back and hvu is rocking for now although that can change in a flash

[LongGuy]

Ok...that makes things much more clear.  Thank you very much Nakate! LongGuy

[LongGuy]

Wow...hvu is on fire...nice call!  LongGuy