BetaPro Crude Oil Leveraged Daily Bull ETF T.HOU

Alternate Symbol(s): HZOZF | HROZF

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 > Here is My Math For Today's Close..

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Comment by theman0on Apr 21, 2020 5:35pm

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Post# 30936262

RE:RE:Here is My Math For Today's Close..

mingzhu wrote: i think you are wrong. 38.5% not 38.5 cents
38.5%x2=77% SP would be down 77%. It did not because. it did not reflect assets.
HOU is worth 0.37 cents now

"TORONTO, April 21, 2020 /CNW/ - Following its announcement earlier this morning, due to ongoing extreme market volatility in crude oil markets, Horizons ETFs Management (Canada) Inc. (the "Manager") announces that the indicative net asset value per share of the BetaPro Crude Oil 2x Daily Bull ETF ("HOU") as at 2:30 p.m. (EST), when the exposure of the ETF was rebalanced to the settlement price of the Light Sweet Crude Oil June futures contract, was estimated to be approximately $0.37 per share."
Tomorrow is carnage day

Mat1791 wrote: Some have asked,

HOU closed yesterday at 3.13, the June 2020 futures at that time was 21.34.

Once you know those 2 numbers you can calculate the proper price at any time during the next trading day.

At the close of today the June futures finished at 13.11.

So, 21.34 - 13.11 = 8.23, 8.23/21.34 = .385 (June's losses from 4 yesterday to 4 today)

@2X = .77 HOU's losses over that same period.

Therefore HOU closing price is 3.13 (1-.77) = .72