ProShares Ultra Bloomberg Natural Gas (NYSEARCA: BOIL) and ProShares UltraShort Bloomberg Natural Gas (NYSEARCA: KOLD) have their uses in an investment portfolio. But, still, if a speculation - or a hedge - on the natural gas price is required then why not? The reason why can be seen here:BOIL stock price from NASDAQKOLD stock price NASDAQOK, we can see that those are mirrors of each other. BOIL stock price from NASDAQKOLD stock price from NASDAQWell, that looks sorta the same, sorta the same shape at least. The lesson here is that it's absolutely fine to use leveraged ETFs for what they are designed for - short term speculative hedges or speculations.

Source: Dhaka Tribune June 08, 2023 05:31 UTC