BETAPRO SP500 VIX ST FTRS 2X DLY BULL T.HVU

I think the vix futures for august and september

[Realhumanbean95]

Are a little overpriced. As we can see the spot price right now is high 12. This etf could lose more value if those futures turn out to be overvalued on the spot day. Imo i dont see this gaining too much ground if the futures for vix continue to be high. Id appreciate some feedback on this if im not looking at it right.

[Eric1212]

As i said before, the spot(cash) price will always be lower when the VIX is low and it's will always be higher when the VIX is high. There is nothing to catch... Also, this ETF never get the future to it's end, it's switch between future before that... The risk is between the current month and the next one, not the cash... Theses at the current moment : VIQ16 (Aug '16) 15.000

[Realhumanbean95]

Any thoughts on the macro environment? Bullish or bearish on equity?

[Shlinker_]

No matter how you slice it, this is a terrible ETF, and a terrible gamble. Horzon's should annouce its delisting. The contango, US/Can dollar, and roll-over is rediculous. No one can make money at this. Its forever going down, even when the market goes down. Not one soul should gamble here.

[Eric1212]

First, it's not a reverse ETF for the SP 500... Second, if you think 5 $ change are something that should make HVU high(like really high)... Not sure you understand at all what happen...   This ETF is made for intra-day trading and if you keep it longuer, it's for 100-400 $ move...

[Shlinker_]

No it tracks the S&P 500 VIX Short-Term Futures Index - which this ETF does not actually track.

[Eric1212]

Are you sure it's doesn't ?

[toxbridge]

Its supposed to track the VIX Short-Term Futures Index at 2X multiplier but the link has been broken since June 24, when the index was up by 32.71% but HVU only up 44.61%... that's an offtrack of 20.81%. The gap is still at 18.74% as of today's close. So yes, HVU sucks!!!

[MayorRobFord]

Holders gettin F'ed badly. You are looking at it right. The futures converge to cash as it gets closer to expiry. So basically, there is already some volatility built in at any given time. Contango is not the worst part of this (even though it's already at its worst with this etf compared to other futures etfs). It's the time value decay similar to option prices as they get closer to