BMO High Yield US Corporate Bond Hedged to CAD Index ETF (TSE:ZHY – Get Free Report)’s stock price was down 0.2% during mid-day trading on Tuesday . The company traded as low as C$11.23 and last traded at C$11.23. Approximately 50,648 shares changed hands during trading, an increase of 21% from the average daily volume of 41,829 shares. The stock had previously closed at C$11.25.
BMO High Yield US Corporate Bond Hedged to CAD Index ETF Price Performance
The stock’s 50-day simple moving average is C$11.20 and its 200 day simple moving average is C$11.22.
About BMO High Yield US Corporate Bond Hedged to CAD Index ETF
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. The ETF primarily invests in BMO High Yield US Corporate Bond Index ETF and uses derivative instruments to hedge back to the Canadian dollar.
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