BetaPro Crude Oil Inverse Leveraged Daily Bear ETF (HOD.TO)
BetaPro Crude Oil Inverse Leveraged Daily Bear ETF (HOD.TO)
Company overview
HOD is an Exchange Traded Fund (ETF) that aims to deliver daily investment results, before fees, expenses, and other transaction costs, corresponding to two times (200%) the inverse (opposite) of the daily performance of the BetaPro Crude Oil Rolling Futures Index. This means it's designed to reflect double the opposite movement of the index on a day-to-day basis. It's crucial to understand that HOD is engineered to achieve this specific objective only for single-day periods, and its performance over longer durations is not intended to track this daily goal. The ETF is denominated in Canadian dollars. Under typical market conditions, the Manager endeavors to maintain a leverage ratio as close to 200% as practical. However, the Manager retains the right to adjust this leverage ratio at their sole discretion, based on current market conditions for crude oil futures contracts and negotiations with the ETF's counterparties.
No price history available.
For informational purposes only. Kvantra provides data and quantitative analysis, not investment advice. KvantraRank is a mechanical model output. Analyst price targets and ratings are sourced from third parties and are not Kvantra recommendations. Past performance does not guarantee future results; all investments carry risk.
BetaPro Crude Oil Inverse Leveraged Daily Bear ETF (HOD.TO)
No price history available.
HOD is an Exchange Traded Fund (ETF) that aims to deliver daily investment results, before fees, expenses, and other transaction costs, corresponding to two times (200%) the inverse (opposite) of the daily performance of the BetaPro Crude Oil Rolling Futures Index. This means it's designed to reflect double the opposite movement of the index on a day-to-day basis. It's crucial to understand that HOD is engineered to achieve this specific objective only for single-day periods, and its performance over longer durations is not intended to track this daily goal. The ETF is denominated in Canadian dollars. Under typical market conditions, the Manager endeavors to maintain a leverage ratio as close to 200% as practical. However, the Manager retains the right to adjust this leverage ratio at their sole discretion, based on current market conditions for crude oil futures contracts and negotiations with the ETF's counterparties.
Unlock all fundamental data
Sign up for FreeUnlock all fundamental data
Sign up for Free