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HND

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1d
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Analysis and statistics

  • Open
    10.6556$
  • Previous Close
    10.9825$
  • 52 Week Change
    --
  • Day Range
    -0.33$
  • 52 Week High/Low
    --
  • Dividend Per Share
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  • Market cap
    --$
  • EPS
    --
  • Beta
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  • Volume
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About

HND.TO is the Horizons BetaPro S&P/TSX 60 Equal Weight Inverse Index ETF. It is a Canadian-listed exchange-traded fund (ETF) designed to provide daily investment results, before fees, expenses, and taxes, which correspond to two times (200%) the inverse (opposite) of the daily performance of the Solactive Equal Weight Canada 60 TR Index. This means it aims to generate profits when the Canadian stock market, as represented by this index, declines. Due to the leveraged nature of the product and its daily reset, it is typically suitable for short-term trading strategies and is not designed for long-term holding periods. Investors should understand the risks associated with leveraged and inverse ETFs before investing.
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Factors

Underlying Index Performance: HND.TO's price is heavily influenced by the inverse performance of the S&P/TSX 60 Index. If the index declines, HND.TO is designed to increase in value.

Leverage Factor: HND.TO employs leverage, aiming for approximately 2x the inverse daily performance of the index. This amplifies both gains and losses.

Management Fees and Expenses: The ETF's operating expenses, including management fees, reduce its net asset value and, consequently, its trading price.

Supply and Demand: Like all ETFs, HND.TO's market price is determined by supply and demand. High demand can drive the price above its net asset value, and vice versa.

Interest Rates: Changes in interest rates can impact the cost of borrowing used to implement the leveraged strategy, affecting the ETF's performance and price.

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