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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.


TSX:HOU - Post by User

Post by timetolearnon May 04, 2020 12:13pm
214 Views
Post# 30983884

40% hair cut that was well broadcast for days

40% hair cut that was well broadcast for daysFor the past 2 weeks HOU management, forum participants here have all warned buyers the impication of buying HOU at prices above NAV. If you are still perplexed why it drops 40% today, it is clearly you are not ready to trade index products like HOU.

Management change to NOT announcing when and what to roll can be both a positive and negative. Positive as in traders (the real ones) can not front run against Horizons's flow. On the negative side, we now have an uncontrolled element of Horizon management trading the contango / backwardation in the pricing.

Overall I believe the roll change is going to be net positive in terms "wiping investors out yet again in short term", but at the expense of quite difficult to "realistically" track the real daily % move. If anything it makes holding it long term a even bigger losing propostion, not that one should hold it long term to begin with.
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