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Bullboard - Stock Discussion Forum 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 Discussion

BetaPro Crude Oil Leveraged Daily Bull ETF > What happens
View:
Post by Houdini1 on Apr 21, 2020 6:06am

What happens

To hou if oil goes more than 50% down in a single day like it just did in after market trading June wti , if oil went to say 80% down then would/ could Hou go into the negative or would it just be over at 0? 

Thanks in advance

Comment by ufoolme on Apr 21, 2020 7:00am
The etf could never go negative. @While Horizons could conceivably lose some money by trying to buy the required options and debt instruments to meet their target results, the etf could not. @If I owned an ETF, there is no way I am ever going to pay someone to take it off my hands. @Unlike the physical commodity itself which if you own the futures contract, you have to take delivery of the product ...more  
Comment by Mat1791 on Apr 21, 2020 7:21am
HOU is currently tracking the June contract 100%, has so since April 9th.  Today at 2:30 that June contract will replace the May contract and become the front contract.   Then starting May 6 and ending on the 11th HOU will have rolled 100% into the July contract and our gains & losses will be 2X that contract until June.  At that time the front will continue to be the June ...more  
Comment by ufoolme on Apr 21, 2020 8:10am
And that is part of the reason why these tank shipping line stocks are doing so well lately.
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