The stock of Horizns BetaPro S&P TSX 60 Bear Pl (ETF) (TSE:HXD) is a huge mover today! About 104,460 shares traded hands. Horizns BetaPro S&P TSX 60 Bear Pl (ETF) (TSE:HXD) has declined 20.95% since April 26, 2016 and is downtrending. It has underperformed by 26.18% the S&P500.
The move comes after 8 months negative chart setup for the $69.64 million company. It was reported on Nov, 30 by Barchart.com. We have $6.67 PT which if reached, will make TSE:HXD worth $5.57 million less.
More 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 the news titled: “ETFs you should get to know – and those to avoid” on August 24, 2012. Theglobeandmail.com‘s news article titled: “How stock laggards manage to stay in one of Canada’s most followed indexes” with publication date: December 12, 2015 was also an interesting one.
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 $69.64 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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