After Today’s Huge Decline, Is Horizons BetPro S&P500 VIX Short Term’s Near-Term Analysis Negative?

 After Today's Huge Decline, Is Horizons BetPro S&P500 VIX Short Term's Near Term Analysis Negative?

The stock of Horizons BetPro S&P500 VIX Short Term (TSE:HVU) is a huge mover today! About 121,657 shares traded hands. Horizons BetPro S&P500 VIX Short Term (TSE:HVU) has declined 86.02% since April 26, 2016 and is downtrending. It has underperformed by 91.25% the S&P500.
The move comes after 5 months negative chart setup for the $44.41M company. It was reported on Nov, 30 by Barchart.com. We have $22.33 PT which if reached, will make TSE:HVU worth $3.55 million less.

Horizons BetaPro S&P 500 VIX Short-Term Futures Bull Plus ETF invests in financial instruments that have similar daily return characteristics to two times (200%) the S&P 500 VIX Short-Term Futures Index. The company has a market cap of $44.41 million. The HBP Double VIX ETF is designed to provide daily investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs that endeavor to correspond to twice the daily performance of the S&P 500 VIX Short-Term Futures Index. It currently has negative earnings.

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