RE:RE:Scam It's not a scam!.....It's a very complicated ETF.....
Horizons BetaPro S&P 500 VIX Short-Term Futures™ Bull Plus ETF (the “HBP Double VIX ETF”) is designed to provide daily investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs, that endeavour to correspond to twice the daily performance of the S&P 500 VIX Short-Term Futures Index™. Any U.S. dollar gains or losses as a result of the HBP Double VIX ETF’s investment will be hedged back to the Canadian dollar to the best of its ability.
HVU now tracking 95% June VIX and 5% July VIX.....It rolled to 100% June contract which was $14.70 from the May VIX which was as low as $13.23......The July VIX is/was $15.20ish at the start of this roll period.....IMHO, if we do not see any economic news to help push SP500 below the extreme support of $1840ish we could be in a world of hurt.... If it makes any of you feel better......I have been extremely busy travelling for business/please the last 2 weeks and have not watched it closely....My avg. is $5.62 and I have 60k shares.....I'm in the hole huge now and not sure if I will be able to recoup from this huge red number.....Basically I've allowed this ETF to claw back nearly all my 2013/2014 gains. I checked my trading history this morning for the heck of it to see where I'm at and I'm still $1700 ahead....for all of 2013/2014.....
Boggles my mind how quickly things can change...