The stock of Hor. Bta. S&P TSX Cap. En. Br. Pl. (ETF) (TSE:HED) reached all time low today, Dec, 1 and still has $7.32 target or 3.00% below today’s $7.55 share price. This indicates more downside for the $4.62M company. This technical setup was reported by Barchart.com. If the $7.32 PT is reached, the company will be worth $138,600 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 35,545 shares traded hands. Hor. Bta. S&P TSX Cap. En. Br. Pl. (ETF) (TSE:HED) has declined 38.19% since April 27, 2016 and is downtrending. It has underperformed by 44.11% the S&P500.
Another recent and important Hor. Bta. S&P TSX Cap. En. Br. Pl. (ETF) (TSE:HED) news was published by Theglobeandmail.com which published an article titled: “Top ETF picks for tech, financials, energy” on June 25, 2015.
Horizons BetaPro S&P/TSX Capped Energy 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 Capped Energy Index. The ETF has a market cap of $4.62 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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