Q: Can I get your thoughts on this ETF.
I have recently seen a bit of a bounce on this stock and it seems to have broken out.
Thanks
Tony
I have recently seen a bit of a bounce on this stock and it seems to have broken out.
Thanks
Tony
5i Research Answer:
HNU is a 2X leveraged ETF on natural gas. It is up 44% in three months as natural gas is up sharply in the past month. We do not endorse such leveraged ETFs due to the resetting of derivatives they hold. They really are meant just for short term trading (one day). For example, its five year annualized return is negative 63%.