Landing Page – Horizons HOU ETF

Landing Page – Horizons HOU ETF

Horizons HOU ETF Class Action

This case seeks compensation for anyone who owned shares of HOU on April 22, 2020 and suffered losses and damage on their investment due to the negligent and oppressive conduct of the defendants.

Beginning in April 2020, the defendants’ actions resulted in HOU changing from a passively-managed fund that tracked a leading futures index and provided shareholders with two-times leverage to the price of oil futures contracts that rolled over on regular, fixed dates described in HOU’s Prospectus, to a discretionary fund that provided shareholders with one-time leverage to the price of oil futures contracts that tracked a proprietary index created by the defendants.

The case alleges that these changes were made without the required approvals and resulted in substantial losses to investors.