The stock of Horizns BetaPro S&P TSX 60 Bear Pl (ETF) (TSE:HXD) is a huge mover today! About 258,659 shares traded hands. Horizns BetaPro S&P TSX 60 Bear Pl (ETF) (TSE:HXD) has declined 26.43% since February 5, 2016 and is downtrending. It has underperformed by 42.92% the S&P500.
The move comes after 7 months positive chart setup for the $86.38 million company. It was reported on Sep, 13 by Barchart.com. We have $19.31 PT which if reached, will make TSE:HXD worth $113.16M more.
Horizons BetaPro S&P/TSX 60 Bear Plus ETF seeks daily investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs, that endeavor to correspond to two times (200%) the daily performance of the S&P/TSX 60 Index. The ETF has a market cap of $86.38 million. In order to achieve its objective, the total underlying notional value of these instruments and/or securities will typically not exceed two times the total assets of the ETF. It currently has negative earnings. Assets not invested in financial instruments or equity securities may be invested in debt instruments or money market instruments with a term not to exceed 365 days, or reverse repurchase agreements with a term not to exceed 30 days.
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