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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

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Post by blhawk on Apr 23, 2020 2:41pm

Mat1791

They switched from june to july, for eg the june is $15 and july is $20 that means they had to pay an extra $5 for the dif in contract price, i would take it that they have less contracts?
I no longer have a posistion, as many here took my losses and moved on.
Comment by 88guy88 on Apr 23, 2020 2:43pm
If you moved on....why are you still posting...you would think you would move on to another stock to make up for your losses.....good luck
Comment by itharami on Apr 23, 2020 2:51pm
I'm sure he's waiting for the opportuinity elsewhere, also with HOU.  I took loss twice with HOU in past couple of days until I learned what the issue is.  This won't go up until NAV and SP converges, then who knows what will management do.  They seem to be changing underlying principles of this ETF at their will.  It's pure manipulation.
Comment by Mat1791 on Apr 23, 2020 3:08pm
Some people "moved on" means not in the fund, I'm one.  However, looking to re-enter should things get fixed.   So staying up to date for me is important for when the time comes.  I imagine for others too.  If it comes...
Comment by blhawk on Apr 23, 2020 3:18pm
88 guy,  I just asked a question, i moved on, i have a huge position in another stock, tried to help a few here earliar today, i rarely lose on stocks RARELY.  Yes i moved on, many tried to warn, i actually called the numbers on the releases, the one i talked to in a round about way basically told me to get the -uck out, that was enough of a warning for me, he told me the NAV was .37 the ...more  
Comment by Mat1791 on Apr 23, 2020 3:06pm
100% their inventory of futures contracts decreased on the roll over and causes future decay in the returns.
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