The stock of Ho. Beta. S&P TSX Gl. Gld. Br. Pl. (ETF) (TSE:HGD) is a huge mover today! About 1.10 million shares traded hands. Ho. Beta. S&P TSX Gl. Gld. Br. Pl. (ETF) (TSE:HGD) has declined 27.95% since April 8, 2016 and is downtrending. It has underperformed by 32.93% the S&P500.
The move comes after 6 months positive chart setup for the $64.99 million company. It was reported on Nov, 14 by Barchart.com. We have $22.84 PT which if reached, will make TSE:HGD worth $52.64 million more.
Horizons BetaPro S&P/TSX Global Gold 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 Global Gold Index. The ETF has a market cap of $64.99 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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