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Opinions William Chin
BETAPRO SP500 DAILY INVERSE ETFHIU.TODON'T BUYSep 16, 2016
William ChinUnknown
$37.03
Stock price when the opinion was issued
$10.81
As of Jan 17, 2025. Market Open.
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Premium contentPAST TOP PICK
(A Top Pick Mar 30/23, Down 4.2%)Stockchase Research Editor: Michael O'Reilly
Our PAST TOP PICK with HIU has triggered its stop at $14. To remain disciplined, we recommend covering the position at this time. This will result in a net investment loss of 6%, based on our previous buy recommendations.
E.T.F.'s
Premium contentTOP PICK
Stockchase Research Editor: Michael O’Reilly
We again reiterate this low MER ETF, inverse to the S&P500, as a defensive holding during this period of extended market uncertainty. As the currency is not hedged, it will gain further value if the CAD dollar weakens during a market retracement. We continue to recommend keeping a stop loss at $13.75. Yield 0%
E.T.F.'s
Premium contentTOP PICK
Stockchase Research Editor: Michael O'Reilly We again reiterate this low MER ETF, that is inverse to the S&P500, as a defensive holding during this period of extended market uncertainty. As the currency is not hedged, it will gain further value if the CAD dollar weakens during a market retracement. We continue to recommend keeping a stop loss at $13.75. Yield 0%
E.T.F.'s
Premium contentTOP PICK
Stockchase Research Editor: Michael O'Reilly In periods of market uncertainty HIU is a defensive low MER ETF that is inverse to the S&P500 and is again reiterated as a TOP PICK. As the currency is not hedged, it will gain further value if the CAD dollar weakens during a market retracement. We continue to recommend keeping a stop loss at $13.75. Yield 0%
E.T.F.'s
Premium contentTOP PICK
Stockchase Research Editor: Michael O'Reilly We reiterate HIU, a defensive low MER ETF that is inverse to the S&P500, as a TOP PICK. As the currency is not hedged, it will gain further value if the CAD dollar weakens during a market retracement. We continue to recommend keeping a stop loss at $13.75. Yield 0%
E.T.F.'s
Premium contentTOP PICK
Stockchase Research Editor: Michael O’Reilly We reiterate this defensive low MER ETF that is inverse to the S&P500. As the currency is not hedged, it will gain further value if the CAD dollar weakens during a market retracement. We continue to recommend keeping a stop loss at $13.75. Yield 0%
E.T.F.'s
Premium contentTOP PICK
Stockchase Research Editor: Michael O'Reilly HIU is a defensive holding we have selected as a TOP PICK in the past and again suggest for Canadian investors during periods of market uncertainty and inflation worries. It is a low MER inverse ETF for the S&P500. Its value will also benefit if the CAD dollar weakens during a market retracement as currency is not hedged. We recommend placing a stop loss at $13.75 as this would likely signal a renewed bullish outlook for the S&P500. We will target $18.00 to consider covering half the position. Yield 0%
E.T.F.'s
Premium contentPAST TOP PICK
Premium contentTOP PICK
Stockchase Research Editor: Michael O'Reilly We again reiterate HIU, an Inverse S&P500 ETF priced in Canadian dollars, as a TOP PICK. The 0.75% increase in the US FED rate (the most since 1994), slowing housing starts, softer jobs numbers and the first increase in Swiss interest rates in 50 years all point to the risk of stagflation -- a slowing economy and tightening fiscal policy. It is time to add to a defensive position. We like the fact this is in Canadian dollars, which will provide further safety for Canadian investors as the greenback strengthens to other currencies. We now recommend trailing up the stop (from $13) to $14. Yield 0%
E.T.F.'s
Premium contentTOP PICK
Stockchase Research Editor: Michael O'Reilly We again reiterate HIU as a defensive TOP PICK for Canadian investors. The low MER inverse ETF for the S&P500 is a good haven during periods of increased market instability. Its value will also benefit if the CAD dollar weakens during a market retracement as currency is not hedged. We recommend trailing up the stop (from $12.50) to $13.00. Yield 0%
E.T.F.'s
Premium contentTOP PICK
Stockchase Research Editor: Michael O’Reilly With market volatility and uncertainty increasing, we again reiterate HIU as a defensive TOP PICK for Canadian investors. It is a low MER inverse ETF for the S&P500. Its value will also benefit if the CAD dollar weakens during a market retracement as currency is not hedged. We recommend adding a stop loss at $12.50. Yield 0%
Short? The chart shows erosion. The ETF must have incurred a lot of transaction costs. The erosion is because the S&P has been rising. The S&P has been coming off in the last while, but he hasn’t seen a corresponding uptick. When trading something like this, a derivative of the S&P 500, you should look at the S&P 500 chart to begin with, which has support at $1980, and big support at $1800. The momentum indicator never confirmed a new high, making this a low quality new high. To build a Bear case, the S&P has to first break $1980, and then there is a Bear case. Right now he would not short this, even though the market is losing momentum.