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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 Sparkletoothon Feb 21, 2009 12:57am
240 Views
Post# 15794723

RE: RE: RE: Holding HOD Over Weekend?

RE: RE: RE: Holding HOD Over Weekend?We're overdue for a serious rally in crude but I'm not betting on it; in fact, I still have a few HOD left; should have sold 'em earlier, I know, just didn't...and that might get to be expensive. 

What was that last run to $40, anyway?  Short covering?  Conversion to April?  yankerss trying to corner the market and trap specboy short?

We might see $45 crude oil next week based on nothing.  I can't think of any fundamental reason other than possible relative weakness in the dollar.  The problem with that theory is that it should have happened months ago and didn't.  I guess what it comes down to is, if the US economy gets sick, the rest of the world goes comatose.  What other currency is there to hide in? 
 
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