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.

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BetaPro Natural Gas Leveraged Daily Bull ETF > Reverse split ?

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Comment by Moneyloopon Mar 17, 2024 7:00pm

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Post# 35937506

RE:RE:RE:RE:Reverse split ?

The reverse split was announced when the SP price was under 3$ with a date when it will take affect. If you do your research on these ETF'S, you will see on their site ,that they specifically mention that ,if the SP doesn't hold value between 3$ to 4$ ,it will announce a reverse split.Because it's not profitable for these ETF'S to make profit with the fees that it incur.....and when you announce a reverse split, it as a ripple effect to the down side. So it just happened that it closed @ 1.80$ that day.

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Fortune Minerals receives funding for NICO project development