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.

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BetaPro Crude Oil Inverse Leveraged Daily Bear ETF

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Post by drdjmon Jun 01, 2009 7:22pm

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Post# 16034722

chinese dumping USD for oil?

The Chinese Govt holds trillions? of dollars of US currency. Are they buying oil and storing it and dumping vast amounts of US dollars to pay for the oil? Will the Us dollar continue to drop if this is the case? It looks to me like there is no good reason for oil to be this high, many indicators say that oil should be in a downward trend. If the USD drops, but oil remains high, they are trading one asset that is dropping in value to one that they can prop up. If this is the case then its going to be a long time before we will see a drop in crude oil prices.

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