Overview
Description
The BetaPro Crude Oil 2x Daily Bear ETF is a type of exchange-traded fund designed to provide investors with a short-term investment vehicle that aims to deliver twice the inverse of the daily performance of crude oil futures. Typically, such ETFs track specific energy commodities and are geared towards those seeking leveraged exposure, often used by traders to capitalize on declines in the oil market. These investment products are primarily used by investors looking for hedging strategies or to speculate on the downturn of crude oil prices. The ETF enables participants in the financial markets to take advantage of price movements in crude oil without directly engaging with the futures market, thus facilitating more accessible entry for retail investors and significant players alike. Such ETCs are crucial in allowing for tactical financial strategies within a highly volatile commodity sector.
About
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Website
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Instrument type
ETF
Country
Canada
MIC code
NEOE