The stock of HORIZONS BETAPRO S&P TSX 60 INVERSE ETF (TSE:HIX) reached all time low today, Dec, 1 and still has $6.30 target or 9.00% below today’s $6.92 share price. This indicates more downside for the $22.18 million company. This technical setup was reported by Barchart.com. If the $6.30 PT is reached, the company will be worth $2.00 million 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 103,000 shares traded hands or 27.95% up from the average. HORIZONS BETAPRO S&P TSX 60 INVERSE ETF (TSE:HIX) has declined 11.15% since April 27, 2016 and is downtrending. It has underperformed by 17.08% the S&P500.
More notable recent HORIZONS BETAPRO S&P TSX 60 INVERSE ETF (TSE:HIX) news were published by: Theglobeandmail.com which released: “Larry Berman: How to prepare for years of lower-than-average returns” on September 27, 2016, also Theglobeandmail.com with their article: “ETFs you should get to know – and those to avoid” published on August 24, 2012, Fool.ca published: “Here’s How to Invest in the S&P/TSX Composite â€” And Why You May Not Want To” on July 24, 2013. More interesting news about HORIZONS BETAPRO S&P TSX 60 INVERSE ETF (TSE:HIX) were released by: Theglobeandmail.com and their article: “Eye on Shorts: What bearish investors are betting against” published on March 23, 2016 as well as Theglobeandmail.com‘s news article titled: “The myth of ‘sell in May and go away'” with publication date: April 23, 2012.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.