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

BetaPro Natural Gas Leveraged Daily Bull ETF

Bullboard Posts

Post by Barolo12on Dec 02, 2009 11:49am

435 Views

Post# 16545391

Switched this morning

I sold my HND this morning and am now buying into HNU. I am not an NG bull at this point and will exit when NG gets close to $4.90. As always, will have stop losses in place just in case I am wrong. If NG does decide to move above $5 I will move up my stops but I don't anticipate anything higher than $5.50. Will be looking to move back into HND if NG moves above $5.

I don't anticipate $6 NG until at least next summer when industrial demand &/or a hot summer creates a large draw for electricity.

Huge NG inventory overhang and low demand for the next six months will keep a lid on prices.

JMHO but so far it has worked reasonably well.

Bullboard Posts

Paramount Resources signs $3.32 billion asset sale