BetaPro Crude Oil Inverse Leveraged Daily Bear ETF T.HOD

Alternate Symbol(s): HBTPF

ng of shareholders on July 2, 2020 (see Recent Developments). HOD's investment objective, which became effective at the close of business on July 9, 2020, is to seek daily investment resHOD's investment objective was changed after gaining approval at a meetiults, before fees, expenses, distributions, brokerage commissions and other transaction costs, that endeavour to correspond to up to two times (200%) the inverse (opposite) of the daily performance of the Horizons Crude Oil Rolling Futures Index (the Underlying Index, Bloomberg ticker: CMDYCLER). HOD is denominated in Canadian dollars. Any U.S. dollar gains or losses as a result of the ETFs investment are hedged back to the Canadian dollar to the best of its ability. In order to achieve this objective, the total underlying notional value of these instruments and/or securities will typically not exceed two times the total assets of the ETF. As such, HOD employs absolute leverage.

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BetaPro Crude Oil Inverse Leveraged Daily Bear ETF

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Post by limauron Jul 29, 2008 12:36pm

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Post# 15339652

fundamentals

Gloxinia, you are not making sense in one respect. If nothing has changed in the fundamentals, then why did oil go to $147. One of the reasons is that the sovereign wealth funds have lost 40% of their dollar-denominated investments over the past 6 years and they were not going to take it anymore. Hence, the intervention in the oil market to enable them to recoup some , if not all ,of their losses. This is one conspiracy theory that makes sense to me.

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