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BetaPro Crude Oil Leveraged Daily Bull ETF T.HOU

Alternate Symbol(s):  HROZF | HZOZF

HOU¿s investment objective is to seek daily investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs, that endeavour to correspond to up to two times (200%) the daily performance of the Horizons Crude Oil Rolling Futures Index. HOU is denominated in Canadian dollars.


TSX:HOU - Post by User

Post by MRBIGon May 20, 2009 9:43am
557 Views
Post# 16003211

Why

WhyThe price of oil at $61 is roughly 74% higher than it was at the 52 week low.  However this ETF, which claims to be a bull plus, is only marginally higher than this compared to its low of $4.05.  If you compare the 52 week chart for oil with this ETF, this thing is running relatively flat.  It would appear that oil would have to surge to $1,000 a barrel to hit a new 52 week high the way it is performing. Something does not add up and it would appear that both oil bulls and bears are being ripped off by the Horizons Funds for oil !
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