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BetaPro Crude Oil Leveraged Daily Bull ETF T.HOU

Alternate Symbol(s):  HROZF | HZOZF

HOU¿s investment objective is to seek daily investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs, that endeavour to correspond to up to two times (200%) the daily performance of the Horizons Crude Oil Rolling Futures Index. HOU is denominated in Canadian dollars.


TSX:HOU - Post by User

BetaPro Crude Oil Leveraged Daily Bull ETF
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Post by tinyjon Feb 15, 2009 8:58am
508 Views
Post# 15780231

TGARFIELD...

TGARFIELD...Sorry to bother you with another tedious calculation, just want to see if I'm on the right track.  

We know the settle price of oil for Friday 13th is $41.97
We know the NAV for HOU for Friday is 5.29
If April contract we're to open Tuesday morning at $42.50, would NAV for HOU be calculated as follows:

(((42.50/41.97)-1)*2)+1)*5.29 = $5.42 NAV at opening

Thanks, your posts are very informative. 
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