What’s Propelling Hori. Beta. NYMEX Cr. Oil Bl. Pl. (ETF) to Increase So Much?

 What's Propelling Hori. Beta. NYMEX Cr. Oil Bl. Pl. (ETF) to Increase So Much?

The stock of Hori. Beta. NYMEX Cr. Oil Bl. Pl. (ETF) (TSE:HOU) is a huge mover today! About 795,221 shares traded hands. Hori. Beta. NYMEX Cr. Oil Bl. Pl. (ETF) (TSE:HOU) has risen 9.19% since March 11, 2016 and is uptrending. It has outperformed by 3.71% the S&P500.
The move comes after 5 months positive chart setup for the $236.84M company. It was reported on Oct, 18 by Barchart.com. We have $17.82 PT which if reached, will make TSE:HOU worth $251.05M more.

Horizons BetaPro NYMEX Crude Oil Bull+ ETF seek daily investment results equal to 200% the daily performance of the NYMEX light sweet crude oil futures contract for the next delivery month. The ETF has a market cap of $236.84 million. The HBP NYMEX Crude Oil Bull is denominated in Canadian dollars, as the United States dollar exposure of the underlying index is hedged daily. It currently has negative earnings. The Fund is managed by BetaPro Management Inc.

HOU Company Profile

CenterPoint Energy, Inc., incorporated on August 31, 2001, is a public utility holding company. The Company’s operating subsidiaries own and operate electric transmission and distribution facilities, and natural gas distribution facilities, and own interests in Enable Midstream Partners, LP (Enable). The Company’s divisions include Electric Transmission & Distribution, Natural Gas Distribution, Energy Services, Midstream Investments and Other Operations. The Company’s Electric Transmission & Distribution segment provides electric transmission and distribution services to retail electric providers (REPs). The Company’s Natural Gas Distribution segment offers intrastate natural gas sales to and natural gas transportation and distribution for residential, commercial and industrial customers. The Company’s Energy Services segment includes non-rate regulated gas sales to, and transportation and storage services for, commercial and industrial customers. The Company’s Midstream Investments segment includes equity investment in Enable that owns, operates and develops natural gas and crude oil assets. The Company’s Other Operations segment includes office buildings and other real estate used in its business and other corporate operations, which support all of its business operations.

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