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BetaPro Natural Gas Leveraged Daily Bull ETF T.HNU

Alternate Symbol(s):  HNUZF

HNUs investment objective, is to seek daily investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs, that endeavour to correspond to up to two times 200 Percentage the daily performance of the Horizons Natural Gas Rolling Futures Index the Underlying Index, Bloomberg ticker CMDYNGER. HNU is denominated in Canadian dollars. Any US dollar gains or losses as a result of HNUs investment are hedged back to the Canadian dollar to the best of its ability. The Fund To be successful in meeting its investment objective during the period, HNUs net asset value should have gained up to two times as much on a given day, on a percentage basis, as its Underlying Index rose on that given day. Conversely, HNUs net asset value should have lost up to two times as much on a given day, on a percentage basis, as its Underlying Index declined on that given day.


TSX:HNU - Post by User

Comment by CrazyTraderon Feb 16, 2024 9:53am
89 Views
Post# 35883971

RE:RE:I bet last time when NatGas prices went to near zero/negativ

RE:RE:I bet last time when NatGas prices went to near zero/negativI don't short, and I don't recommend to do so, but .......In Theory Shorting either HND or HNU in the long run should pay off, just look at the charts.  

Short term, HND could go either way, down to $75 or up to $300+....$400....$500...

15 or 20 years ago, I tried shorting a leveraged ETF........ I got a call from the broker demanding me to cover.   I asked why because I wasn't in margin call, he said it had to do with something on his end.  He said I could do it or he'll do it, he gave me 24 hours.   I told him I'll do it.    I decided to wait to the next day to place the order.   Next day opening bell, the stock opened MASSIVELY down.

I never shorted again.   I found it extreamely suspicious that broker demanded me to cover and the next day it opened massively down.   I also learnt that broker can demand you to cover at any time, you don't need to be in a margin call.   

All just my opinion/view/thinking/experience
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