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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.


TSX:HOD - Post by User

Comment by captatedon Jul 30, 2008 9:30pm
251 Views
Post# 15345876

RE: loaded back up

RE: loaded back upI was hoping to get out of HOD today with some help from the inventory numbers. Went the wrong way for me unfortunately. That said, I wanted out on those numbers becuase Friday we get US GDP. Those numbers could surprise to upside with low us$. But what do I know?! I thought the inventory today would be upside surprise for us with demand destruction taking hold in US. I do know the longer it takes to get out of HOD the lower oil will have to fall for me to get out of HOD with a profit--even a miniscule one. For those of you here, and there are a few of you by the sounds of it, that think this etf is a no brainer, better think again. My strategy going forward on this one is to take profit as soon as I can and wait for another spike up to get back onto the downside track. If you think the trend is an entrenched one you'd be better off with the 1x version of the play.
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