The stock of HORIZONS BP SP500 VIX ST FUT INV ETF (TSE:HVI) hit a new 52-week high and has $16.59 target or 7.00% above today’s $15.50 share price. The 6 months bullish chart indicates low risk for the $14.32 million company. The 1-year high was reported on Dec, 1 by Barchart.com. If the $16.59 price target is reached, the company will be worth $1.00 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 11,750 shares traded hands. HORIZONS BP SP500 VIX ST FUT INV ETF (TSE:HVI) has risen 47.72% since April 27, 2016 and is uptrending. It has outperformed by 41.80% the S&P500.
Another recent and important HORIZONS BP SP500 VIX ST FUT INV ETF (TSE:HVI) news was published by Business.Financialpost.com which published an article titled: “Horizons BetaPro launches Canada’s first volatility ETFs” on December 16, 2010.
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