BetaPro Natural Gas 2x Daily Bear (HND:CA) has recently attracted attention in the leveraged ETF space amid ongoing volatility in the natural gas market. With the stock trading at CAD 4.79 and having fallen by –80.70% over the past year, this ETF offers a concentrated inverse exposure to natural gas price movements.
Despite these steep losses, fundamental analysis highlights its relatively low valuation and strong market capitalization as potential merits for sophisticated investors.
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What is BetaPro Natural Gas 2x Daily Bear?
BetaPro Natural Gas 2x Daily Bear is a leveraged, inverse ETF designed to deliver –200% of the daily performance of the BetaPro Natural Gas Rolling Futures Index. In practical terms, if natural gas prices decline by 1% in a day, the ETF is structured to gain approximately 2%, and vice versa.
This product, belonging to the Passive Inverse/Leveraged sector, is tailored for investors with a high risk tolerance who are actively managing their exposure to fluctuating natural gas prices.
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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:
- Recent Price Movements:
- Weekly Change: –1.12%
- Monthly Change: –3.60%
- Valuation Metrics:
- Price to Earnings (P/E) Ratio: 7.8
- Sector P/E Ranking: 94.12% (suggesting it is relatively undervalued)
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:
BetaPro Natural Gas 2x Daily Bear (HND:CA) remains a niche instrument for investors looking to benefit from a decline in natural gas prices through a leveraged inverse strategy.
Although the ETF has suffered significant losses over the past year, its low P/E ratio and favorable analyst ratings indicate that it could be undervalued relative to its sector.
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.
