RE:RE:Just to correct myself, went long both in TUO + HNUHNU like HOU are daily trades linked to the daily performance of the commodity index and then re-set at the end of each day. Not for long term hold. As long as the price keeps rising day after day you'll do well but the daily spot price goes negative you lose the hedge and if it keeps dropping you'll lose big time the longer you hold it. At least that's my perspective, here's what Horizon says:
The ETF seeks a return, before fees and expenses, of up to +200% or -200% of its Referenced Index for a SINGLE DAY. The returns of the ETF over periods longer than ONE DAY will likely differ in amount, and possibly direction (of the performance, or inverse performance, as applicable) of the Referenced Index. Longer periods AND/OR greater volatility will make the possible divergence more pronounced. Investors should monitor their investment in this ETF daily. Please read the prospectus and ensure you understand this ETF before investing in it.