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Canada ETFs Today: Natural Gas The Main Theme

Natural gas was the main theme among the more than 200 exchange traded funds trading on the Toronto Stock Exchange. Canadian natural gas has been under some pressure of late. Yesterday it was because the U.S. raised its forecast for natural gas output in 2011 by 0.3% and cut its consumption outlook.

Only one ETF reached 52 week highs today, albeit briefly. That was the HBP NYMEX NatGas Bear+ETF (HND.TO) which hit $12.49 but then succumbed to selling pressure later and actually finished the day down 2% at $11.95.

Three ETFs hit year lows and they were all natural gas related. They were Horizons NYMEX Natural Gas ETF (HUN.TO), which fell more than 1% and struck $3.85. Next came Claym Nat Gas Commodity E.T.F. (GAS.TO), which touched a low of $21.54. Then there was HBP NYMEX NatGas Bull+ETF (HNU.TO), which actually rose 2% having recovered from an earlier day low $3.06.

Most active ETF for the second straight day was the iShares S&P/TSX 60 Index Fund (XIU.TO), which lost 1% today after gaining as much yesterday.

The biggest gainer in percentage terms was the Claym S&P/TSX GlbMining E.T.F.

(CMW-A.TO), which rose nearly 10%. The biggest loser in percentage terms was the HBP COMEX Silver Bull+ E.T.F. (HZU.TO), which lost nearly 5%.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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