Horizons BetaPro COMEX Silver Bear Plus ETF (SLVD)

Profile

The Horizons BetaPro COMEX Silver Bear Plus ETF is a leveraged inverse exchange-traded fund designed to provide investors with twice the opposite exposure to the daily performance of silver prices. By tracking twice the inverse (-2x) of the Solactive Silver Front Month MD Rolling Futures Index ER, this ETF enables short-term strategic trading on declines in silver value without the need for margin accounts. Denominated in Canadian dollars and actively hedged against U.S. dollar fluctuations, it primarily invests in silver futures contracts and forward agreements to achieve its objectives. The ETF is intended for sophisticated investors seeking to capitalize on short-term downward movements in silver and features a high-risk profile due to its leveraged nature. Established in 2009 and managed by Global X Investments Canada Inc., it operates with a management expense ratio around 2% and is notable for its role in providing inverse leveraged exposure within the commodity markets, specifically silver, for Canadian investors.