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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

Comment by ghayeson Apr 17, 2018 3:41pm
86 Views
Post# 27900010

RE:tend to agree with you

RE:tend to agree with you
paulantoine1 wrote:

bought hod this morning took profit and switched to hou at 9.98. went up to 10.11 never took profit .... now back to 10.02.. feel kinda stupid because like you said now that syria tweet is gone oil took the pull back.

 

humm not so sure about oil tommorow. we will see on futures


The price and sentiment has not coalesced in a firm direction yet.  I got in yesteday at 6.53 and got out just after the open this morning at 6.67. after it didn't seem to be going anywhere. -  Staying back watching until a couplle of days of trend appears.
Syria is done for now -  except that Putin is sabre rattling with talk of supplying anti aircraft missiles to assad etc - because of course - the fear factor drives up the price which benefits Russia itself as an oil exporter -  the 'fear factor' premium of $10 a barrel on the price of oil must more than pay for Russia's presence in Syria.... if they leave they lose $10 a barrel on their oil exports eh?

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