Horizons ETFs Announces the Estimated Net Asset Value for Shares of its BetaPro Crude Oil 2X Daily Bull ETF at its 2:30pm EST...
21 Aprile 2020 - 9:41PM
PR Newswire (Canada)
TORONTO, April 21, 2020 /CNW/ - Following its announcement
earlier this morning, due to ongoing extreme market volatility in
crude oil markets, Horizons ETFs Management (Canada) Inc. (the "Manager") announces
that the indicative net asset value per share of the BetaPro Crude
Oil 2x Daily Bull ETF ("HOU") as at 2:30 p.m. (EST), when the exposure of the ETF was
rebalanced to the settlement price of the Light Sweet Crude Oil
June futures contract, was estimated to be approximately
$0.37 per share.
None of the other ETFs offered by the Manager are affected by
this announcement. Earlier today, the Manager announced a temporary
suspension of new subscriptions for shares of HOU as well as its
BetaPro Crude Oil 2X Daily Bear ETF ("HOD").
The Manager will advise as soon as there are any further
developments with respect to the ETFs.
SOURCE Horizons ETFs Management (Canada) Inc.
Copyright 2020 Canada NewsWire
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