BMO High Yield US Corporate Bond Hedged to CAD Index ETF (TSE:ZHY – Get Free Report) traded up 0.1% during mid-day trading on Friday . The company traded as high as C$11.00 and last traded at C$10.98. 23,688 shares traded hands during trading, a decline of 36% from the average session volume of 37,187 shares. The stock had previously closed at C$10.97.
BMO High Yield US Corporate Bond Hedged to CAD Index ETF Trading Up 0.1%
The firm’s fifty day moving average is C$10.98 and its two-hundred day moving average is C$11.08.
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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