Horiz. Beta. S&P TSX Cp. Fin. Bear (ETF)’s Stock Is Sell After Reaching All-Time Low

 Horiz. Beta. S&P TSX Cp. Fin. Bear (ETF)'s Stock Is Sell After Reaching All Time Low

The stock of Horiz. Beta. S&P TSX Cp. Fin. Bear (ETF) (TSE:HFD) reached all time low today, Nov, 21 and still has $6.25 target or 12.00% below today’s $7.10 share price. This indicates more downside for the $12.58 million company. This technical setup was reported by Barchart.com. If the $6.25 PT is reached, the company will be worth $1.51 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 36,697 shares traded hands or 131.47% up from the average. Horiz. Beta. S&P TSX Cp. Fin. Bear (ETF) (TSE:HFD) has declined 23.13% since April 15, 2016 and is downtrending. It has underperformed by 26.99% the S&P500.

Horizons BetaPro S&P/TSX Capped Financials 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 Capped Financials Index. The ETF has a market cap of $12.58 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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