BMO High Yield US Corporate Bond Hedged to CAD Index ETF (TSE:ZHY) Trading Down 0.3% – Should You Sell?

by · The Markets Daily

BMO High Yield US Corporate Bond Hedged to CAD Index ETF (TSE:ZHY – Get Free Report)’s stock price dropped 0.3% during mid-day trading on Friday . The stock traded as low as C$11.17 and last traded at C$11.18. Approximately 28,203 shares traded hands during trading, an increase of 76% from the average daily volume of 16,024 shares. The stock had previously closed at C$11.21.

BMO High Yield US Corporate Bond Hedged to CAD Index ETF Trading Down 0.3%

The company’s fifty day simple moving average is C$11.20 and its two-hundred day simple moving average is C$11.21.

BMO High Yield US Corporate Bond Hedged to CAD Index ETF Company Profile

(Get Free Report)

The ETF seeks to replicate, to the extent possible, the performance of a broad U.S. high yield corporate bond market index, net of expenses. Currently, the ETF seeks to replicate the performance of the Bloomberg Barclays U.S. High Yield Very Liquid Index CAD Hedged (the Index). The investment strategy of the ETF is to obtain exposure to the performance of the Index by investing in assets such as ETFs, mutual funds or other investment funds, American depositary receipts or derivative instruments.

Read More