BetaPro Crude Oil Inverse Leveraged Daily Bear ETF T.HOD

Alternate Symbol(s): HBTPF

ng of shareholders on July 2, 2020 (see Recent Developments). HOD's investment objective, which became effective at the close of business on July 9, 2020, is to seek daily investment resHOD's investment objective was changed after gaining approval at a meetiults, before fees, expenses, distributions, brokerage commissions and other transaction costs, that endeavour to correspond to up to two times (200%) the inverse (opposite) of the daily performance of the Horizons Crude Oil Rolling Futures Index (the Underlying Index, Bloomberg ticker: CMDYCLER). HOD is denominated in Canadian dollars. Any U.S. dollar gains or losses as a result of the ETFs investment are hedged back to the Canadian dollar to the best of its ability. 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, HOD employs absolute leverage.

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BetaPro Crude Oil Inverse Leveraged Daily Bear ETF

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Comment by firstbahamason Jun 17, 2008 4:59pm

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Post# 15195423

RE: Why do U.S. crude inventories matter?Q

Look at the 6th chart down fro the top . Oil prisewas very stable when oil was distributed by companies then early 70's the trend toward Government owne company started. https://www.oilnergy.com/1opost.htm#since78

National oil companies. Saudi Aramco, Petrobras, the Iran national oil company, the Iraq national oil company, the national companies that operate in Algeria and Libya, produce 75% or more of the world supply.

Money goes to support the national Treasuries, political constituencies, the army, other bureaucratic ministries."
Venezuela production is down but the bureacrats are increasing in numbers.

Canada is the exeption and it works.

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