The stock of Horiz. BetaPro S&P TSX 60 Bull Pl (ETF) (TSE:HXU) hit a new 52-week high and has $32.37 target or 5.00% above today’s $30.83 share price. The 9 months bullish chart indicates low risk for the $43.16 million company. The 1-year high was reported on Nov, 28 by Barchart.com. If the $32.37 price target is reached, the company will be worth $2.16M 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 31,530 shares traded hands. Horiz. BetaPro S&P TSX 60 Bull Pl (ETF) (TSE:HXU) has risen 21.67% since April 22, 2016 and is uptrending. It has outperformed by 15.66% the S&P500.
More important recent Horiz. BetaPro S&P TSX 60 Bull Pl (ETF) (TSE:HXU) news were published by: Midasletter.com which released: “S&P/TSX Composite, S&P 500: Top Trades in Crisis Markets â€“ Horizons BetaPro ETFs” on January 20, 2016, also Theglobeandmail.com published article titled: “The top Canadian ETF needs tech to stay relevant”, Theglobeandmail.com published: “Canadian banks: Don’t rush to buy them” on May 22, 2012. More interesting news about Horiz. BetaPro S&P TSX 60 Bull Pl (ETF) (TSE:HXU) was released by: Bnn.ca and their article: “Keith Richard’s Top Picks: October 5, 2016” with publication date: October 05, 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 $43.16 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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