Is Selling All-time Stock Like Horizons BetPro S&P500 VIX Short Term a Winning Strategy?

 Is Selling All time Stock Like Horizons BetPro S&P500 VIX Short Term a Winning Strategy?

The stock of Horizons BetPro S&P500 VIX Short Term (TSE:HVU) reached all time low today, Nov, 30 and still has $22.36 target or 7.00% below today’s $24.04 share price. This indicates more downside for the $44.41 million company. This technical setup was reported by Barchart.com. If the $22.36 PT is reached, the company will be worth $3.11M less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. About 61,296 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.

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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