BMO Nasdaq 100 Equity Hedged to CAD Index ETF (TSE:ZQQ) Shares Up 0.5% – What’s Next?

BMO Nasdaq 100 Equity Hedged to CAD Index ETF (TSE:ZQQ) shot up 0.5% on Monday . The stock traded as high as C$176.17 and last traded at C$175.66. 26,636 shares traded hands during trading, a decline of 35% from the average session volume of 40,706 shares. The stock had previously closed at C$174.84.

BMO Nasdaq 100 Equity Hedged to CAD Index ETF Stock Up 0.5%

The business has a fifty day simple moving average of C$173.69 and a 200-day simple moving average of C$169.06.

About BMO Nasdaq 100 Equity Hedged to CAD Index ETF

The ETF seeks to replicate, to the extent possible, the performance of a NASDAQ listed companies index, net of expenses. Currently, the ETF seeks to replicate the performance of the NASDAQ 100 Index Hedged to CAD (the Index). The investment strategy of the ETF is to invest in and hold the constituent securities of the Index in the same proportion as they are reflected in the Index and use derivative instruments to hedge back to the Canadian dollar. The Manager may also use a sampling methodology in selecting investments for the ETF.