Could Horizons BetPro S&P500 VIX Short Term Go Up After Reaching All-Time Low?

 Could Horizons BetPro S&P500 VIX Short Term Go Up After Reaching All Time Low?

The stock of Horizons BetPro S&P500 VIX Short Term (TSE:HVU) reached all time low today, Nov, 15 and still has $2.53 target or 13.00% below today’s $2.91 share price. This indicates more downside for the $46.47 million company. This technical setup was reported by Barchart.com. If the $2.53 PT is reached, the company will be worth $6.04 million less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. About 3.10M shares traded hands. Horizons BetPro S&P500 VIX Short Term (TSE:HVU) has declined 87.50% since April 11, 2016 and is downtrending. It has underperformed by 91.43% the S&P500.

Horizons BetaPro S&P 500 VIX Short-Term Futures Bull Plus ETF invests in financial instruments that have similar daily return characteristics to two times (200%) the S&P 500 VIX Short-Term Futures Index. The company has a market cap of $46.47 million. The HBP Double VIX ETF is designed to provide daily investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs that endeavor to correspond to twice the daily performance of the S&P 500 VIX Short-Term Futures Index. It currently has negative earnings.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment