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

Help - New to ETF's

[funtimes]

Hi, I'm not familiar with ETF's, but noticed I can buy some comission free through itrade, but not this one I think.  Is there any other fees associated with buying an ETF asside from comission?

Also, any tips on this particular stock and what the heck is it? And why is it down so much/potential upside?

Thanks in advance, I know there is at least one or more awesome people on here who will help me,
Thank you!

[lastpick]

There is an ongoing management fee near 1%/yr. Check out the websites for the providers for details. This ETF (HVU) is definitely not a buy and hold security, unless you want to lose most of your money (check out the history). If you are tempted to buy this, please consider this action in the same manner as you would by going to a casino to win some money. Keep that idea in your mind!!! Good luck

[funtimes]

Thanks lastpick!!!  How do they get that 1% from you???  I also noticed that they can charge you a redemption fee.    I am interested in the horizion (hmmj) (marijuanna etf) that is coming on line tomorrow.  

[a-quart]

unless you short HVU  after a spike. good luck timing it tho

[oilfiftybucks]

You can't short hvu...

[a-quart]

How so? I have done it lots of times. Holding a short as we speak. Every security listed in the stock market is shortable.

[darthsidious666]

maybe huv, you cant short hvu because its leveraged. pull up a 5 year chart and youll see why

[a-quart]

again , you are wrong.  I am holding it short as we speak . You should try it

[oilfiftybucks]

A-quart you just lost all cred on this board, you cannot sell hvu short....period. I wish I could because shorting hvu, you can't lose over the long term. Futures are blowing hvu will be sub 7 today...