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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Post by firstbahamason Jun 28, 2008 3:04pm

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Post# 15241284

Paper Oil at 140+

Paper Oil at 140+

The energy market is a bubble and we are in the latter phases of the bubble, Remember the new economy.  "This time it's different." well it's not .   All the news point to higher prices.

A pipes breaks,a cut in production there,a cold winter, driving season, the financial Analyst ho want's to make a name for him self on TV with with predictions anywhere from $150 to $200, and yes, soon they will start with the hurricane season speculations. Betting on storms.

Ho knows exacly when this buble will burst. Its not a question of If, it will hapen.  Its a question of: soon or very soon . We have past the anthusiasm phase now it is the greed and delusion phase. Oil moves faster in a few days then it did in 50 years.  Remember when the Dow would move more in one or two months than it did from 1900 to 1982.  Welcome to Back To The Future.

If, however the  "Neocon"start a war with Iran it will take longer but it may be the last spark that will lead us faster in to a world recession followed by a major oil decline.