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.

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BetaPro Natural Gas Leveraged Daily Bull ETF

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Post by inves20on Aug 21, 2018 12:03pm

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Post# 28493276

opinions on what the revision and back revisions will mean

from the last EIA storage report message in the report says:

"EIA will begin publishing estimates based on a new sample selected for the Weekly Natural Gas Storage Report(WNGSR) on September 13, 2018, with the report for the week ending September 7, 2018. On Monday, September 10, 2018, EIA will revise estimates for the eight weeks covering July 13, 2018, through August 31, 2018, to gradually phase in the estimates from the new sample. Although the established sampling and estimation methodologies for the WNGSR have not changed, estimates produced from the new sample will reflect the most recent version of the EIA's Form EIA-912, which requires storage operators in the South Central region to separately report the volume of working natural gas held in salt facilities and nonsalt facilities. For additional information, please see the notice of changes to the WNGSR: https://ir.eia.gov/ngs/notice.html."

It could really be a lot of revision to the chart between 13 July and 31 Aug. when the report on the 13 Sept is released.

Does anyone think that the huge summer draw downs in southern storage will be revised out of the chart and the storage line comes way back into the 5 year average zone ?

If that happens it would be a extra bearish thing for the price as there is a lot more supply than last year out there.

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