New York, NY -- (ReleaseWire) -- 12/28/2012 --Horizons BetPro S&P500 VIX Short Term (TSX: HVU) 6.90 +0.68 (10.93%). Range 6.69 - 7.75, 52 week 4.78 - 198.60, Vol / Avg. - 2.66M/1.39M. Mkt cap 19.89M.
Horizons BetaPro S&P 500 VIX Short-Term Futures Bull Plus ETF (the HBP Double VIX ETF) invests in financial instruments that have similar daily return characteristics to two times (200%) the S&P 500 VIX Short-Term Futures Index. The HBP Double VIX ETF is designed to provide daily investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs that endeavor to correspond to twice the daily performance of the S&P 500 VIX Short-Term Futures Index. Its investment manager is BetaPro Management Inc. Horizons BetaPro S&P 500 VIX Short-Term Futures Bull Plus ETF (the HBP Double VIX ETF) invests in financial instruments that have similar daily return characteristics to two times (200%) the S&P 500 VIX Short-Term Futures Index.
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BPZ Resources, Inc. (NYSE: BPZ) 3.03 +0.25 (8.99%) . BPZ Energy (NYSE:BPZ) (BVL:BPZ), an independent oil and gas exploration and production company, announced that on December 26, 2012, it closed its contractual arrangements for the sale of a 49% participating interest ("closing") in offshore Block Z-1 to Pacific Rubiales Energy Corp. (TSX:PRE) (BVC:PREC) (BOVESPA:PREB). BPZ Resources, Inc. (BPZ) is focused on the exploration, development and production of oil and natural gas in Peru and Ecuador. The Company also intends to utilize part of its natural gas production as a supply source for the complementary development of a gas-fired power generation facility in Peru.
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