The stock of Horizns BetaPro S&P TSX 60 Bear Pl (ETF) (TSE:HXD) is a huge mover today! About 55,425 shares traded hands. Horizns BetaPro S&P TSX 60 Bear Pl (ETF) (TSE:HXD) has declined 21.26% since April 22, 2016 and is downtrending. It has underperformed by 27.28% the S&P500.
The move comes after 8 months positive chart setup for the $72.30 million company. It was reported on Nov, 28 by Barchart.com. We have $7.47 PT which if reached, will make TSE:HXD worth $2.17M more.
More important recent Horizns BetaPro S&P TSX 60 Bear Pl (ETF) (TSE:HXD) 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: “ETFs you should get to know – and those to avoid”, Theglobeandmail.com published: “How stock laggards manage to stay in one of Canada’s most followed indexes” on December 12, 2015. More interesting news about Horizns BetaPro S&P TSX 60 Bear Pl (ETF) (TSE:HXD) was released by: Theglobeandmail.com and their article: “Canadian banks: Don’t rush to buy them” with publication date: May 22, 2012.
Horizons BetaPro S&P/TSX 60 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 60 Index. The ETF has a market cap of $72.30 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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