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 > NG Storage update

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Post by Moneyloopon Mar 28, 2024 8:29am

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Post# 35957496

NG Storage update

This is very bearish for HNU. This is why the bearish momentum is persisting....

US Natural Gas Storage Records 1st Build of 2024

US utilities increased their storage of natural gas by 7 billion cubic feet to 2,325 on the week that ended March 15th, above market expectations of a 4 billion cubic feet build. It was the first increase since November of 2023, likely marking the end of the seasonal draw momentum. The current levels were 21.4% above the corresponding period of the previous year, and 41% above the five-year average to underscore the abundance of natural gas inventories nationally and the muted demand following the winter season. less

2024-03-21

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Advancing an underexplored area of the Yukon with the same geology as B.C’.s Golden Triangle