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

Bullboard Posts

Comment by wolfgang13on Apr 23, 2010 12:41pm

392 Views

Post# 17024453

RE: RE: RE: where's oil headed??

I believe that the GS crisis is behind us now and with the upcoming Summer driving season Oil is heading higher regardless of the inventory levels. I can see Oil testing $90-95 until near the middle of September and then it could retreat to the $80-85 level. Unfortunately the fundamentals don't mean much anymore and Oil is being traded as an alternative to currencies just like Gold.

I was a Bear until we switched to the June contract. It is time to be a Bull now.

Glta.

Bullboard Posts

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