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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

Post by Sparkletoothon Aug 05, 2009 3:29pm
335 Views
Post# 16193672

$US Dollar

$US DollarAs Tgarfield and others have indicated here, it's all about the dollar...and has been since last year if not before. Look at the Max chart on the link below. Dollar strength = Stock Market Weakness = Commodity Price Weakness and vice versa.

The dollar index peaked this morning at about 77.82 then plunged to 77.45 trumping the oil inventory reports. I guess the sell-offs in the commodities are buying opportunities, instead of the rallies being shorting opportunities, at least until the dollar bottoms. If the current trend continues, it will take at least another month or two before we see last year's lows on the dollar...


https://quotes.ino.com/chart/?s=NYBOT_DX&v=s

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