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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

BetaPro Canadian Gold Miners 2x Daily Bull ETF
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Post by Steven1on Oct 01, 2024 6:30am
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Post# 36247795

HGU update

HGU updateI'm no longer in a long term position. I don't believe this will ever reach 50 even if gold reaches 3000. GDX has the same problem but is still performing better. After doing some research it will take some time for miners to catch up. 

I have recently started swing trading HGU and have better results. You don't want to be in when this occasional drops close to 10 percent.   Looking into HGD. I'm not a huge fan of inverse ETFs. But will take a look. 
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