RE:Dangerous investment I have been out on the sidelines for most of the year after I noticed major manipulation on this ETF, when NAT gas goes up it doesn't follow the double bull price on the upside, but on down days its always a double loss.
Also, when a new NAT gas contract month rolls over for example taking the gas price from its technical base of 2.50 all the way back to $2.85, the HNU does not go up one penny, it stays the same at the lower ETF price, no change.
Then Nat gas is pushed all the way back down to $2.50 in a few weeks due to all the weakness we discuss day in and day out...................but of course the HNU follows downward from the lower initial base price.............lower and lower, until the Nat gas price is back to $2.50 or the for example the same original price from the prior month.
Coming out of last winter, HNU was in the high three dollar range when Nat gas was much lower than $2.50, covering around $2.00, yet now above $2.50 its a new all time low of 1.97
I would stay away from this trade its pure manipulation
Its just going to zero at this rate or they will consolidate shares and do it all over again.
IMO