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BetaPro Canadian Gold Miners 2x Daily Bull ETF T.HGU

Alternate Symbol(s):  HZNSF

HGU seeks daily investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs, that endeavour to correspond to two times (200%) the daily performance of the Solactive Canadian Gold Miners Index. If HGU is successful in meeting its investment objective, its net asset value should gain approximately twice as much on a given day, on a percentage basis, as the Solactive Canadian Gold Miners Index when this Underlying Index rises on that given day. Conversely, HGUs net asset value should lose approximately twice as much on a given day, on a percentage basis, as the Solactive Canadian Gold Miners Index when this Underlying Index declines on that given day. In order to achieve this objective, the total underlying notional value of these instruments and/or securities will typically not exceed two times the total assets of the ETF. As such, HGU employs leverage.


TSX:HGU - Post by User

Comment by Steven1on Oct 20, 2023 11:44pm
191 Views
Post# 35694239

RE:RE:HGU files up tricles down

RE:RE:HGU files up tricles downThe best HGU has done since the 2015 low was $42 in 2020.I don’t think we’ll see the astronomical prices that we saw in 2012. In fact, anybody that bought this and is holding since inception of HGU, will never see a profit.  I bought in 2017 and again recently with an average cost of $15. It doesn’t take a whole lot to get to $30-40. I’m out at that point. Maybe buy a dip later. You can do well with dip buying on 2X.  I’ve learned my lesson with leverage ETF’s, don’t hold too long. Totally agree.
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