iShares S&P/TSX Capped Energy Index ETF (TSE:XEG) Trading Down 0.2% – What’s Next?

iShares S&P/TSX Capped Energy Index ETF (TSE:XEG) fell 0.2% during trading on Friday . The stock traded as low as C$18.96 and last traded at C$19.00. 501,064 shares changed hands during trading, a decline of 75% from the average session volume of 2,002,647 shares. The stock had previously closed at C$19.03.

iShares S&P/TSX Capped Energy Index ETF Trading Down 0.2%

The firm has a fifty day simple moving average of C$19.07 and a 200-day simple moving average of C$18.21.

About iShares S&P/TSX Capped Energy Index ETF

The investment objective of the Fund is to provide long term capital growth by replicating, to the extent possible, the performance of the S&P TSX Capped Energy Index the Index, net of expenses. Under this strategy, the Fund seeks to replicate the performance of the Index, net of expenses, by employing, directly or indirectly, through investment in one or more iShares ETFs and/or through the use of derivatives, a replicating strategy or sampling strategy. A replicating strategy is an investment strategy intended to replicate the performance of the Index by investing, directly or indirectly, primarily in a portfolio of index securities in substantially the same proportions as they are represented in the Index.