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DBO

$--
--%
1d
1w
1m

Analysis and statistics

  • Open
    0.3913$
  • Previous Close
    0.3809$
  • 52 Week Change
    0.36$
  • Day Range
    0.01$
  • 52 Week High/Low
    0.09$ - 0.45$
  • Dividend Per Share
    --
  • Market cap
    86 002 K$
  • EPS
    0.0088
  • Beta
    1.519
  • Volume
    --

About

DBO.TO represents the Horizons BetaPro Crude Oil Double Daily Bull ETF. It is an exchange-traded fund listed on the Toronto Stock Exchange that seeks to provide daily investment results, before fees, expenses, and taxes, that correspond to two times (200%) the daily performance of the Solactive Equal Weight Crude Oil Index. This index reflects the performance of near-month crude oil futures contracts. Due to its leveraged nature and reliance on derivatives, DBO.TO is designed for short-term trading and is not suitable for long-term investment strategies. It is subject to increased risk and volatility compared to traditional oil market investments.

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Factors

Oil Prices: DBO.TO tracks the daily price movements of light, sweet crude oil, so fluctuations in oil prices directly impact its stock value.

Supply and Demand: Global oil supply, demand, and inventory levels influence DBO.TO's price. Increased demand or reduced supply typically raise prices.

Geopolitical Events: Political instability, conflicts, or policy changes in oil-producing regions can significantly impact oil prices and subsequently, DBO.TO.

Economic Indicators: Global economic growth and recessionary pressures affect oil consumption and influence DBO.TO's stock price.

Currency Fluctuations: Changes in the Canadian dollar relative to the US dollar can impact DBO.TO as oil is often priced in USD.

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