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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

Comment by mikerosoft666on Jan 22, 2009 11:14am
195 Views
Post# 15721072

RE: $35 oil back around the corner

RE: $35 oil back around the corner
The catalysts that will drive oil down further continue to grow.  More jobs lost,  more companies ready to go out of business.  Credit still very tight...  housing starts are right in the toilet with lots of room to continue dropping.

$25 oil might be over pessimistic but it has been said by commodities traders interviewed.  $35 should be easy enough...  HOD could hit way higher than $32.25 in a week...

There is just NOTHING to help the price of oil get optimistic.

Remember,  we may see another manipulation ( shorts covering ) next Tuesday.  Might want to take some profit and buy back in lower from Mondays close.

This is just my opinion.  I am not the smartest guy on this board so please consider my opinion along with your own DD and other opinions from smarter guys than me.  Not only could I be wrong,  I could be DEAD WRONG !!!
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