The stock of Hor. Bta. S&P TSX Cap. En. Br. Pl. (ETF) (TSE:HED) hit a new 52-week low and has $7.48 target or 12.00% below today’s $8.50 share price. The 9 months bearish chart indicates high risk for the $4.76M company. The 1-year low was reported on Nov, 21 by Barchart.com. If the $7.48 price target is reached, the company will be worth $571,200 less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 35,511 shares traded hands. Hor. Bta. S&P TSX Cap. En. Br. Pl. (ETF) (TSE:HED) has declined 39.11% since April 15, 2016 and is downtrending. It has underperformed by 42.97% the S&P500.
Another recent and important Hor. Bta. S&P TSX Cap. En. Br. Pl. (ETF) (TSE:HED) news was published by Theglobeandmail.com which published an article titled: “Top ETF picks for tech, financials, energy” on June 25, 2015.
Horizons BetaPro S&P/TSX Capped Energy 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 Energy Index. The ETF has a market cap of $4.76 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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