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

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Post by WonmanshowBMLon Nov 30, 2010 12:49am

545 Views

Post# 17774598

Looking for Advice

I bought 3000 shares HNU last year about this time at $19.05. The fellow on BNN on Mondays (I forget his name) said it was a good play especially if natural gas went to $6.50 -7.50.
I've been reading this board and took your advice and bought more this fall at a lower price, about $8.50, so my average is considerably lower than my original purchase. I read on this blog that HNU could go to $13.00 this year . That's only a break even for me. I don't understand why the TV people said this was such a great investment. If natural gas hits $8.50 I think I will be up money.
Should I bee buying more HNU/ If I picked up another 3000 shares in the $6.30 range my average would go down considerably and by this time next year I will be up a lot.
Is this the way to play this investment?

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