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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 mikerosoft666on Feb 04, 2009 12:58pm
183 Views
Post# 15751674

RE: RE: RE: RE: RE: RE: Inventories + over 7 milli

RE: RE: RE: RE: RE: RE: Inventories + over 7 milli
Radar...

I'm more bearish than anyone here.   But I am staring at a freaking miracle commodity that refuses to do what it should be doing.  What are the traders thinking ?  What's behind the bouyancy... are they thinking that we are back in a demand curve - or soon to be - and that OPEC is going to cut their nose off to spite their face ?

I just can't understand it... so much so that I cut my Bull position and refuse to catch either of these right now.  I was playing Bull on contrarian sentiment that oil seems to be bucking the current but it isn't even doing that with conviction.

I guess today will show us something for sure one way or the other or the other ( meaning it will continue to churn without clear direction is an option ).


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