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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Comment by stockabcdeon Mar 14, 2009 10:51am

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Post# 15844665

RE: Out at open

Came back and found out I would have made a little if I hadn't sold at open Friday and also missed a nice entry point...anyway had urgent biz to attend to. Now...I don't think OPEC will cut this weekend, instead they will concentrate on asking members to comply with previous cut since both Jan and Feb data show some members were selling more than their targets. Also further cuts mean the Saudis would have to do it alone..and that'd mean other members further cut into its pie. So my vote is for no cut.

Reaction...I don't see any change to present sideway trend...so the trend is still shorting Crude at upper 40's and profit take at higher 40's or maybe ocassional lower 30's until the trend don't work anymore. As always JMO.

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