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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

Comment by Barolo12on Jun 15, 2017 4:23pm
70 Views
Post# 26368146

RE:RE:Holding U overnight

RE:RE:Holding U overnightI am looking at weather forecasts for the next week that shows US south and west hitting record highs (Phoenix forecast is for 110+ and California 90's) so that will push cooling demand in those areas and it only takes the Jet stream to move a little higher north for this hot air to start hitting the US east coast.  Because this can change quickly and the odds are better that the Jet stream moves the hotter air north and east this time of year, I am placing my weather bets on UGAZ vs DGAZ.  The other wildcard is hurricain season.  Early projections are for above average hurricaine season.  Much NG production is not impacted by hurricaines, however the threat of a hurricaine always seems to push the price of NG higher.  I am expecting NG to move  up towards $3.30 in the next two weeks.  This is only a 10% move so not unrealistic.  Over shoot to $3.40 - $3.50 would be possible but not likely unless long range weather forecasts start to really heat up.
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