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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 bullcharton Mar 26, 2015 11:22pm
37 Views
Post# 23567231

RE:Bears/Bulls

RE:Bears/BullsIt appears we should consolidate above 10.75 ... Will have to rethink things if that breaks.

The tops of January and March, although descending, are supported by the uptrend on The October,December,February bottom uptrend. Like I mentioned earlier we hit that today. I don't think that will break but should it, I will have to look at a February April double bottom. 

With those descending tops, we may be looking at only a $14 may High.  So far this chart is not showing the possibility of oil going much below 40. And I suspect they will do everything within their power to hold the price up despite conditions. 

As far as the next leg, it is certainly possible we consolidate in a pool much like what happened in February. We will see. 

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