Is Buying HorizonsBetaProNYMEXNaturalGas Here a Winning Strategy?

 Is Buying HorizonsBetaProNYMEXNaturalGas Here a Winning Strategy?

The stock of HorizonsBetaProNYMEXNaturalGas (TSE:HND) is a huge mover today! About 196,200 shares traded hands. HorizonsBetaProNYMEXNaturalGas (TSE:HND) has declined 64.44% since March 10, 2016 and is downtrending. It has underperformed by 70.05% the S&P500.
The move comes after 9 months positive chart setup for the $46.72M company. It was reported on Oct, 17 by Barchart.com. We have $24.82 PT which if reached, will make TSE:HND worth $70.55 million more.

Horizons BetaPro NYMEX Natural Gas Bear Plus ETF seeks daily investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs, that correspond to two times (200%) the inverse (opposite) of the daily performance of the New York Mercantile Exchange (NYMEX) natural gas futures contract for the next delivery month. The company has a market cap of $46.72 million. The Fund is managed by BetaPro Management Inc. It currently has negative earnings. ProFund Advisors LLC is the portfolio manager of the Fund.

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