The stock of Horiz. BetaPro S&P TSX 60 Bull Pl (ETF) (TSE:HXU) is a huge mover today! About 111,200 shares traded hands. Horiz. BetaPro S&P TSX 60 Bull Pl (ETF) (TSE:HXU) has risen 21.21% since April 21, 2016 and is uptrending. It has outperformed by 15.80% the S&P500.
The move comes after 5 months negative chart setup for the $49.21 million company. It was reported on Nov, 25 by Barchart.com. We have $28.52 PT which if reached, will make TSE:HXU worth $3.94M less.
Another recent and important Horiz. BetaPro S&P TSX 60 Bull Pl (ETF) (TSE:HXU) news was published by Midasletter.com which published an article titled: “S&P/TSX Composite, S&P 500: Top Trades in Crisis Markets â€“ Horizons BetaPro ETFs” on January 20, 2016.
Horizons BetaPro S&P/TSX 60 Bull Plus ETF seeks daily investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs, that endeavour to correspond to two times (200%) the daily performance of the S&P/TSX 60 Index. The ETF has a market cap of $49.21 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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