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

BetaPro Crude Oil Inverse Leveraged Daily Bear ETF

Bullboard Posts

Post by Kooleron Dec 15, 2008 11:22am

208 Views

Post# 15646316

On Balance Volume - Not Just Volume

On Balance Volume (OBV) is a TA indicator that is aka the "Smart Money" indicator. One does not look at volume alone but the OBV. OBV measures the "net" interest. My point is the the volume and the OBV increases when there is an upward trend, which is normal. And normally decreases on a downward trend . As you can see the from the chart below, the OBV or the "net interest" is still high. Since this puppy is still on an upward trend, any pullback should be seen as a buying opportunity. imho