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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

Comment by Piccolo31on Apr 22, 2020 7:05pm
173 Views
Post# 30942143

RE:How to break even if possible? Can anyone explain?

RE:How to break even if possible? Can anyone explain?
Not very likely since it is 1x and no longer 2x leveraged. Sell and buy HEU oil ETF which is based on oil stocks not oil futures. Oil stocks are rebounding while oil futures have already destroyed most oil futures based ETFs beyond repair. Without it being 2x leveraged it most likely would take $80-100 barrel prices which is highly unlikely this year.
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