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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.


TSX:HOD - Post by User

BetaPro Crude Oil Inverse Leveraged Daily Bear ETF
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Post by mikerosoft666on Jul 02, 2008 1:29pm
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Post# 15250302

Can someone give me a 3 liner explanation of HOD ?

Can someone give me a 3 liner explanation of HOD ?
Hi guys...  thinking we see a pullback soon.  Not sure...

What I want to know about these etf's is how is the price controlled to the price of oil ?  I mean if oil was RISING and I started buying 1,000,000 shares of HOD into the asks, wouldn't I drive the price of the stock up which is the wrong direction for this etf ?

Or is the stock price truly in lock-step with oil (only in Bear mode) ?

New to ETF and so don't have too much insight into it.  Thanks in advance.


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