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BetaPro Natural Gas Inverse Lever Daily Bear ETF T.HND

Alternate Symbol(s):  HBNNF

HND's investment objective was changed after gaining approval at a meeting of shareholders on August 20, 2020 and the name of the ETF was changed to the BetaPro Natural Gas Inverse Leveraged Daily Bear ETF. HNDs new investment objective, which became effective at the close of business on August 27, 2020, 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%) the inverse (opposite) of the daily performance of the Horizons Natural Gas Rolling Futures Index (the Underlying Index, Bloomberg ticker: CMDYNGER). HND is denominated in Canadian dollars. Any U.S. dollar gains or losses as a result of the ETFs investment are hedged back to the Canadian dollar to the best of its ability.


TSX:HND - Post by User

Post by RichyRich$on Feb 22, 2014 7:17am
373 Views
Post# 22237798

* MUST READ! * Nat. Gas Futures Contract Expiry Wed. Feb. 26

* MUST READ! * Nat. Gas Futures Contract Expiry Wed. Feb. 26This is a must read! I figured it all out. Natural Gas Futures Contract Expiry date is actually Wed. Feb. 26. The afterhours of the contract expiry date and overnight actually doesn't have much effect on the HNU.TO, HND.TO, UGAZ or DGAZ, the contract rollover is minimal. It's actually the lead-up to expiry date that does the damage! Last months contract expiry date was Wed. Jan. 29 and majority of the damage, the huge drop happened all throughout the day of that day. So the time to buy would have been late afternoon right before close, and it actually went up next morning. Here's how it works. HNU.TO, HND.TO, UGAZ, DGAZ are all based on the futures contract 2 months ahead. So right now they are all based off of April Natural Gas Futures. April is currently $5.00 and May is currently $4.74. Even though March is $6.23 now, Aprils can still go up before the 4:00pm Feb. 26 March expiry date. Then April becomes the forefront, and DGAZ would be based off of May. But until 4pm this Wednesday, if Aprils goes up from current $5.00 to $5.50 then HND.TO and DGAZ will take a huge drop. Then Thursday the new month starts. But the damage happens the few days leading up to 4pm. of the expiry date. Mays contract could jump from $4.74 to $5.25 and then UGAZ and DGAZ would buy up those contracts. But very little erosion happens from that overnighter. Last Jan. 29 March increased by 50 cents just that one day to $5.50 by close and Aprils to $4.60. When UGAZ and DGAZ bought up the April next day Jan. 30, DGAZ went up a bit. The difference of jumping to a contract with lower price didn't have that much effect. Especially now with the difference of May not much lower than April. So bottom line, I think DGAZ will go lower all the way up to Wed. Feb. 26 at 4:00pm. Because the current holding is April Contract at $5.00 and that could jump to $5.50 by close this Wednesday, the futures monthly expiry date. Also, I think it starts to get more volatile as it approaches the close of expiry date. So I would advise to hold off and buy HND.TO or DGAZ late afternoon this Wednesday Feb. 26. You can wait until 3:50pm to buy that day. The message board on YahooFinance is what led me onto this. Read this link. https://finance.yahoo.com/mbview/threadview/?&bn=151f209a-f12a-3faf-bdac-124849c36240&tid=1393016528820-5bee0f77-8269-4321-a0cd-c64c0bb4f753&tls=la%2Cd%2C2%2C3 Here's the links showing that HND.TO, HNU.TO, UGAZ, DGAZ holds futures contract 2 months ahead. And the links where you can see when the contracts expire and link to show all the changes in all the future prices each day. https://www.velocitysharesetns.com/ugaz https://www.horizonsetfs.com/pub/en/etfs/?etf=hnu&tab=overview&gclid=CInAjvLE37wCFY1cMgodvAoAHg https://www.barchart.com/futures/expirations.php https://www.cmegroup.com/trading/energy/natural-gas/natural-gas.html
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