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BetaPro Canadian Gold Miners -2x Daily Bear ETF T.HGD

Alternate Symbol(s):  HZRZF

HGD seeks daily investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs, that endeavour to correspond to two times (200%) the inverse (opposite) of the daily performance of the Solactive Canadian Gold Miners Index. If HGD is successful in meeting its investment objective, its net asset value should gain approximately twice as much on a given day, on a percentage basis, as any decrease in the Solactive Canadian Gold Miners Index when this Underlying Index declines on that given day. Conversely, HGDs net asset value should lose approximately twice as much on a given day, on a percentage basis, as any increase in the Solactive Canadian Gold Miners Index when this Underlying Index rises on that given day. In order to achieve this objective, the total underlying notional value of these instruments and/or securities will typically not exceed two times the total assets of the ETF. As such, HGD employs leverage.


TSX:HGD - Post by User

BetaPro Canadian Gold Miners -2x Daily Bear ETF
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Post by jeg4on Mar 25, 2008 9:11am
317 Views
Post# 14767289

Smells

SmellsIt is Tuesday 9am and I see hgd bids are around 9.00 against a close of 10.72 yesterday....a potential 16% drop!! Now lets look at HGU. Closed 25.40 yesterday, current bids 26.70. A potential 5% gain. So what is going on? At this point there is a strong smell...can't quite figure it out. Could be the house is forcing some HGD liquidation for whatever reasons. The stock price of HGD is a third of HGU....also smelly. I would like to know how one can tell when it is apparent that Horizon have lost control of the pairs balancing...for my learning reasons only. Do they have too much on hand volume and need to unload? Very interesting
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