The stock of Horizons BetaPro S&P TSX Cap. Fin. (ETF) (TSE:HFU) hit a new 52-week high and has $45.07 target or 57.00% above today’s $28.71 share price. The 6 months bullish chart indicates low risk for the $14.74 million company. The 1-year high was reported on Nov, 11 by Barchart.com. If the $45.07 price target is reached, the company will be worth $8.40 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 100 shares traded hands. Horizons BetaPro S&P TSX Cap. Fin. (ETF) (TSE:HFU) has risen 31.07% since April 7, 2016 and is uptrending. It has outperformed by 24.92% the S&P500.
More notable recent Horizons BetaPro S&P TSX Cap. Fin. (ETF) (TSE:HFU) news were published by: Theglobeandmail.com which released: “ETFs you should get to know – and those to avoid” on August 24, 2012, also Theglobeandmail.com with their article: “Eye on Shorts: What bearish investors are betting against” published on March 23, 2016, Theglobeandmail.com published: “Canadian banks: Don’t rush to buy them” on May 22, 2012. More interesting news about Horizons BetaPro S&P TSX Cap. Fin. (ETF) (TSE:HFU) were released by: Theglobeandmail.com and their article: “Canadian banks enter period of seasonal strength” published on February 27, 2012 as well as Midasletter.com‘s news article titled: “S&P/TSX Composite, S&P 500: Top Trades in Crisis Markets â€“ Horizons BetaPro ETFs” with publication date: January 20, 2016.
Horizons BetaPro S&P/TSX Capped Financials Bull 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 Capped Financials Index. The ETF has a market cap of $14.74 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.