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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Comment by Barolo12on Mar 07, 2017 11:52am

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Post# 25944169

RE:RE:RE:Gas off 5 cents, why is HND almost even???

Actually having a great trading day today so in a pretty good mood.

If you look at the April chart for NG you will see that it closed at $2.90 at 2:30 EST yesterday. The price action right now (down 5.2 cents) is from that $2.90 level, however HND is trading today based on the closing price at 4:00 EST so you cannot look at the NG price action from 2:30 EST yesterday and figure out where HND should be unless you also look at the price of HND at that time yesterday. Then you would get a correct correlation.

The other variance would be that HND is currenlty rolling over from the April to May contract. I don't have the exact roll dates and % changes but this would also create some variance on a day to day basis.

Hope this helps.

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