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HXX

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

Analysis and statistics

  • Open
    63.0751$
  • Previous Close
    63.6049$
  • 52 Week Change
    --
  • Day Range
    -0.53$
  • 52 Week High/Low
    --
  • Dividend Per Share
    --
  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
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About

HXX.TO is the ticker symbol for the Horizons BetaPro S&P/TSX 60 Index ETF, which trades on the Toronto Stock Exchange (TSX). This ETF aims to provide daily investment results that correspond to twice (200%) the daily performance of the S&P/TSX 60 Index. As a leveraged ETF, it uses financial derivatives and strategies to amplify the returns (and losses) of the underlying index. It's important to note that leveraged ETFs are typically designed for short-term trading purposes and may not be suitable for long-term holding due to the effects of compounding and daily rebalancing. Investors should carefully consider their risk tolerance and investment objectives before investing in HXX.TO.

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Factors

Underlying Index Performance: HXX.TO tracks the S&P 500 index, so its price closely mirrors the index's movements. A rise in the S&P 500 will generally cause HXX.TO to increase, and vice versa.

Currency Exchange Rates: Because the S&P 500 is denominated in US dollars, the CAD/USD exchange rate significantly impacts HXX.TO. A weakening Canadian dollar relative to the US dollar will boost the price of HXX.TO, and a strengthening Canadian dollar will lower it.

Supply and Demand: General market forces of supply and demand for HXX.TO shares also influence its price. Increased investor demand tends to push the price up, while increased selling pressure can drive it down.

Management Fees and Expenses: The ETF's management expense ratio (MER) can indirectly affect its price. Higher fees can slightly detract from the ETF's overall performance relative to its underlying index.

Dividend Payments: Dividends received from the underlying S&P 500 companies are ultimately reflected in the ETF's price. Although dividends are typically reinvested, they contribute to the ETF's total return.

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