BetaPro Natural Gas 2x Daily Bear (HND:CA) is a leveraged exchange-traded fund (ETF) designed to provide inverse exposure to the daily performance of natural gas futures. As part of the TSX-listed BetaPro suite of funds, it caters to investors aiming to profit from declining natural gas prices or hedge their exposure in this volatile sector.
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What is BetaPro Natural Gas 2x Daily Bear?
HND:CA is a passive, leveraged ETF targeting a -200% return on the daily performance of its benchmark natural gas futures index. This means it moves in the opposite direction of the natural gas market with magnified returns (or losses) on a daily basis.
As a part of the Passive Inverse/Leveraged sector, this fund is highly volatile and is intended for sophisticated investors who can tolerate high risk. It operates with a trading currency of CAD and has been noted for its speculative nature.
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Top Holdings of BetaPro Natural Gas 2x Daily Bear:
Below are the Top Holding of BetaPro Natural Gas 2x Daily Bear.
| Symbol | Company Name | Allocation |
|---|---|---|
| CNQ:CA | Canadian Natural Resources Ltd | 14.73 % |
| CNQ | Canadian Natural Resources Ltd | 14.73 % |
| XRAY | Dentsply Sirona Inc | 6.04 % |
| BB | BlackBerry Ltd | 1.27 % |
Performance Comparison
The performance of HND:CA highlights its high-risk, high-reward nature. Over the past year:
- 1-Year Capital Gain: -46.34%, placing it in the 18.18th percentile of its sector.
- 1-Month Return: -9.99%
- 1-Week Return: -2.40%
Stock Target Advisor rates it as “Slightly Bullish,” supported by two positive signals (high market capitalization and being underpriced relative to earnings) but weighed down by one negative signal (high volatility).
Conclusion:
The BetaPro Natural Gas 2x Daily Bear (HND:CA) offers a unique opportunity for investors seeking amplified inverse exposure to natural gas. However, its high volatility and recent performance decline suggest it is best suited for traders with robust risk tolerance and expertise in leveraged ETFs. While it may be underpriced, potential investors should thoroughly assess their risk appetite and market outlook before considering HND:CA
Muzzammil is a content writer at Stock Target Advisor. He has been writing stock news and analysis at Stock Target Advisor since 2023 and has worked in the financial domain in various roles since 2020. He has previously worked on an equity research firm that analyzed companies listed on the stock markets in the U.S. and Canada and performed fundamental and qualitative analyses of management strength, business strategy, and product/services forecast as indicated by major brokers covering the stock.
