The stock of Hor. Beta. S&P TSX Cap. En. Bull (ETF) (TSE:HEU) hit a new 52-week high and has $38.11 target or 197.00% above today’s $12.83 share price. The 8 months bullish chart indicates low risk for the $18.60 million company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $38.11 price target is reached, the company will be worth $36.64 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 75,461 shares traded hands. Hor. Beta. S&P TSX Cap. En. Bull (ETF) (TSE:HEU) has risen 40.09% since April 15, 2016 and is uptrending. It has outperformed by 36.23% the S&P500.
Horizons BetaPro S&P/TSX Capped Energy 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 Energy Index. The ETF has a market cap of $18.60 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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