Horizons ETFs Management (Canada) Inc - BetaPro S&P 500 VIX Short-Term Futures Daily Inverse ETF Class A BTTPF

RE:RE:GET OUT GET OUT GET OUT

[dm27427]

Volume is down for sure, so positions held should be modest. However, the positives:
1. NAV and price are tracking closely.
2. HVI is tracking SVXY reasonably well, although not as close as previously, despite SVXY trading volume 70x HVI.
3. Month 1 & 2 futures (in fact almost the entire futures curve out to month 8) are now out of backwardation
If things remain calm, HVI could start to inch up again.