TORONTO – February 7, 2018 – Horizons ETFs Management (Canada) Inc. (the “Manager” or “Horizons ETFs”) has announced the full resumption of new subscriptions for units of the BetaPro S&P 500 VIX Short-Term Futures™ 2X Daily Bull ETF, which trades on the Toronto Stock Exchange under the ticker symbol “HVU”.
After a brief suspension of new subscription activity yesterday due to extreme volatility in the underlying volatility futures market, Horizons ETFs had announced that HVU would accept new subscriptions. However, Horizons ETFs imposed a daily limit on the amount of new subscriptions the ETF would accept on a daily basis.
This previous announced limit on subscriptions has now been removed, which means that HVU will resume full normal course trading.
With trading in this market returning to normalized levels, the Manager expects the secondary market will continue to provide unitholders with a forum to buy and sell units at a price reflective of the net asset value per unit.
HVU seeks daily investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs that endeavour to correspond to two times (200%) the daily performance of the S&P 500 VIX Short-Term Futures Index™.
The Manager continues to monitor the trading activities in HVU’s underlying exposure.