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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

Comment by NoobTrader8on Apr 22, 2020 3:48pm
170 Views
Post# 30941120

RE:HOU

RE:HOUThe problem is HOU moved to June contracts a couple weeks ago.  I think you were looking at the May contract that fell below $5 then into the negative had no effect on HOU.  Effectively, anyone that's holding HOU will lose their shirts because HOU fell a bunch this month following the May contract.  Buyers now will lose as well because Jun contracts prices will fall like May contracts did.  HOU will be under $1 pretty soon if June contract price falls below $10 like May did.  Then HOU will reverse split and when HOU rolls over to July contracts, it will rob everyone again.  The problem is you lose 200% when oil falls, but gain 0% when they reset to higher prices next month.  
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