BetaPro Crude Oil Leveraged Daily Bull ETF T.HOU

Alternate Symbol(s): HROZF | HZOZF

HOU¿s investment objective is to seek daily investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs, that endeavour to correspond to up to two times (200%) the daily performance of the Horizons Crude Oil Rolling Futures Index. HOU is denominated in Canadian dollars.

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BetaPro Crude Oil Leveraged Daily Bull ETF

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Post by Ichiforeveron Apr 28, 2020 9:03am

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Post# 30961058

News, September crude oil futures contract.

I am happy with this

TORONTO, April 28, 2020

TORONTO, April 28, 2020 /CNW/ - Horizons ETFs Management (Canada) Inc. (the "Manager") announces that, further to the Manager's press releases announcing certain amendments to the rolling methodology employed by the ETFs on April 22, 2020, the BetaPro Crude Oil 2x Daily Bull ETF¹ ("HOU") and the BetaPro Crude Oil -2x Daily Bear ETF² ("HOD", and together with HOU, the "ETFs") effective as of 2:30 p.m. (EST) today, will no longer track the July futures contract as previously announced. Instead, due to the continuing volatility in the crude oil futures markets, negotiations with the ETF's counterparties, and the resulting changes to the ETF's operations, at 2:30 p.m. (EST) today, 100% of the underlying exposure of the ETFs will roll to the September crude oil futures contract.