BetaPro Canadian Gold Miners -2x Daily Bear ETF
HZRZF
Other OTC- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- Canada
- IPO Date
- Nov 1, 2007
- Similar Companies
- Business
- BetaPro Canadian Gold Miners -2x Daily Bear ETF (GDXD.TO; OTC: HZRZF) is an exchange-traded fund that seeks daily investment results, before fees and expenses, corresponding to two times the inverse of the daily performance of the Solactive Canadian Gold Miners Index. The ETF employs a short strategy through derivatives such as forward agreements to provide leveraged inverse exposure to Canadian gold mining companies including Barrick Gold Corp., Agnico Eagle Mines Ltd., Kinross Gold Corp., and others across the materials, metals and mining sectors; it targets sophisticated traders for short-term speculation and hedging without requiring a margin account. Launched on June 25, 2007, and domiciled in Canada, the fund trades on the Toronto Stock Exchange in Canadian dollars and is managed by Global X Investments Canada Inc., a subsidiary of Mirae Asset Financial Group. The ETF holds primarily cash for collateral and forward agreements linked to the benchmark index, with a management expense ratio of 1.82% and trading expense ratio of 0.40% as of June 30, 2025; it features high volatility suitable for daily trading rather than long-term holding due to daily rebalancing. It serves investors seeking to profit from declines in Canadian gold miners, with net assets of approximately $22.8 million as of December 16, 2025. In recent developments, Horizons ETFs Management (Canada) Inc., the original manager, rebranded to Global X Investments Canada Inc. effective May 1, 2024, updating fund names while preserving investment objectives, strategies, and tickers. On November 27, 2025, the ETF underwent a one-for-five share consolidation to address share price levels, with trading resuming on a post-consolidated basis. The fund traces its strategy evolution to a 2016 index change from the S&P/TSX Global Gold Index to the Solactive Canadian Gold Miners Index, enhancing focus on Canadian equities.