RE:RE:RE:HVI trading halted until further noticeNot sure about any redemtion payout. This was latest from Horizons.
The Manager’s decision to halt HVI followed its assessment of the extreme volatility in VIX- futures market that occurred in after-hours market trading yesterday. The unexpected level of volatility has impaired the trading of the underlying derivatives used by many VIX-related exchange traded products that seek to provide inverse exposure to the S&P 500 VIX Short-Term Futures.
The Manager continues to monitor the trading activities in these underlying derivatives and will advise if any further action on HVI is required in due course. In accordance with HVI’s declaration of trust and subject to any necessary regulatory approvals, the Manager has also temporarily suspended redemptions and new subscriptions until further notice.
For investor inquiries:
1-866-641-5739 (toll-free) or (416) 933-5745
info@horizonsetfs.com
For press or other inquiries:
Mark Noble, Head of Sales Strategy
Horizons ETFs Management (Canada) Inc.
(416) 640-8254
mnoble@horizonsetfs.com
Nice of them to not want to trade while impaired . Yah right !!