Post by
halfcentman on Apr 22, 2020 2:04pm
Premium yesterday, Discount today
Yesterday HOU traded at a premium day to day but the trend did follow oil. Today it is trading at a discount day to day and againt the oil when it should be following. At least HOD has the direction going right. Is this just?
Comment by
Mat1791 on Apr 22, 2020 2:07pm
Nope. Oil went from 21.34 to 13.11 yesterday, down 38.6% HOU if it wasnt broken should have went from 3.13 to .72. It's been trading at a premium because it's broken.
Comment by
halfcentman on Apr 22, 2020 2:16pm
1791, but it didn't go to .72. The halts helped. Yesterday's events does not justify what is happening today. There was nothing in the press releases that indicated that it should not follow oil on a "day to day" basis.
Comment by
Mat1791 on Apr 22, 2020 2:28pm
it didn't go to .72 because the etf broke and horizon deviated from their adjustments. 100% the press releases told you that HOU will no longer trade or follow it's underlying holdings.