Time to Buy Hori. Beta. NYMEX Cr. Oil Br. Pl (ETF) After Today’s Huge Decline?

 Time to Buy Hori. Beta. NYMEX Cr. Oil Br. Pl (ETF) After Today's Huge Decline?

The stock of Hori. Beta. NYMEX Cr. Oil Br. Pl (ETF) (TSE:HOD) is a huge mover today! About 554,736 shares traded hands. Hori. Beta. NYMEX Cr. Oil Br. Pl (ETF) (TSE:HOD) has declined 14.89% since April 11, 2016 and is downtrending. It has underperformed by 18.82% the S&P500.
The move comes after 9 months negative chart setup for the $106.12M company. It was reported on Nov, 15 by Barchart.com. We have $11.66 PT which if reached, will make TSE:HOD worth $10.61M less.

Horizons BetaPro NYMEX Crude Oil Bear Plus ETF seeks daily investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs, that correspond to two times (200%) the inverse (opposite) of the daily performance of the New York Mercantile Exchange (NYMEX) light sweet crude oil futures contract for the next delivery month. The ETF has a market cap of $106.12 million. The Fund is managed by BetaPro Management Inc. It currently has negative earnings. ProFund Advisors LLC is the portfolio manager of the Fund.

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