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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

BetaPro Natural Gas Leveraged Daily Bull ETF > The Answer...... $1.86.... NOT $2.00 !!!! PURE MATH.
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Comment by CrazyTraderon Jul 30, 2024 8:42pm
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Post# 36155400

RE:RE:RE:RE:RE:RE:The Answer...... $1.86.... NOT $2.00 !!!! PURE MATH.

RE:RE:RE:RE:RE:RE:The Answer...... $1.86.... NOT $2.00 !!!! PURE MATH.It always works out to be less, so you've calculated wrong.

Ok, keep it short.     

Example 1
$2 to $2.05 to $2

Example 2
$2 to $1.90 to $2

Now calculate what the ETF share price will be.      
It doesn't matter what numbers you use...... it's always less than $2. 

PURE MATH.



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