BetaPro Equal Weight Canadian REIT -2x Daily Bear ETF (TSX: HRED)

Canada flag Canada · Delayed Price · Currency is CAD
15.83
+0.06 (0.38%)
May 17, 2024, 9:32 AM EDT
5.53%
Assets 5.35M
Expense Ratio 2.57%
PE Ratio n/a
Dividend (ttm) n/a
Dividend Yield n/a
Ex-Dividend Date n/a
Payout Frequency n/a
Payout Ratio n/a
1-Year Return +5.73%
Volume 131
Open 15.83
Previous Close 15.77
Day's Range 15.83 - 15.83
52-Week Low 14.68
52-Week High 17.36
Beta -2.47
Holdings 1
Inception Date Sep 1, 2021

About HRED

The fund provides daily 2x inverse exposure to an index of major real estate investment trusts (REITs) that are traded on the Toronto Stock Exchange. A committee composed of Solactive AG staff decides on the selection of the funds constituents, considering the companies meet certain market-cap and liquidity requirements. The index is equal-weighted and is rebalanced semi-annually in March and September. As a leveraged inverse product with a -2x factor that resets daily, HRUD is not a buy-and-hold investment and should not be expected to provide index leverage return greater than a one day period.

Asset Class Equity
Category Real Estate
Stock Exchange TSX
Ticker Symbol HRED
Provider Global X
Index Tracked Solactive Equal Weight Canada REIT Index - CAD

Performance

HRED had a total return of 5.73% in the past year. Since the fund's inception, the average annual return has been -15.47%, including dividends.