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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 25, 2009 3:28pm
215 Views
Post# 15803177

RE: This is hard to watch

RE: This is hard to watchI tried HOD at 34.51 with WTI at about 42.60 I guess - anyways at around 1:45 pm EST.  Seemed to be working nicely, then the short-cover or whatever at 2:30 took back all my gains so I bailed breakeven.

HOD turned out to be the wrong side of the trade today for reasons unclear, other than the long-expected technical rally on nothing.

Should a person jump on the bandwagon with HOU?

Not me - I won't join the bulIs or fight the tape either; Rich Olney says the next pivot point today is $44.21 or HOD at roughly $31.50 if it happened today but of course it won't because the NYMEX is closed.

WTI close to $43 now.

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