BetaPro Equal Weight Canadian REIT -2x Daily Bear ETF (TSX: HRED)
Canada
· Delayed Price · Currency is CAD
15.83
+0.06 (0.38%)
May 17, 2024, 9:32 AM EDT
5.53% (1Y)
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.