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HNU

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1d
1w
1m

Analysis and statistics

  • Open
    17.1309$
  • Previous Close
    16.1822$
  • 52 Week Change
    --
  • Day Range
    0.95$
  • 52 Week High/Low
    --
  • Dividend Per Share
    --
  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
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About

HNU.TO is the Horizons BetaPro S&P/TSX 60 Bull Plus ETF. It is a Canadian exchange-traded fund (ETF) that seeks to provide 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 60 Index. In essence, it's a leveraged ETF designed to amplify the daily gains (and losses) of the Canadian stock market, specifically the S&P/TSX 60 index.

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Factors

Underlying Index Performance: HNU.TO's price is directly linked to the daily performance of the Solactive Canada Daily Leverage Index, which tracks the TSX 60. Positive index movement leads to price increases.

Leverage Factor: As a 2x leveraged ETF, HNU.TO magnifies the daily gains and losses of its underlying index. This amplifies price fluctuations compared to a non-leveraged TSX 60 ETF.

Management Fees & Expenses: The ETF's expense ratio, covering management fees and operating costs, reduces returns and subtly impacts price over time.

Supply & Demand: General market sentiment and investor demand for leveraged Canadian equity exposure can influence HNU.TO's trading price.

Market Volatility: Higher market volatility can lead to more pronounced price swings in HNU.TO due to its leveraged nature.

Interest Rates: Interest rates affect the cost of leverage and can influence the ETF's expense ratio, thereby indirectly impacting its price.

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