BMO Short Corporate Bond Index ETF (TSE:ZCS) Stock Price Down 0.1% – Here’s What Happened

BMO Short Corporate Bond Index ETF (TSE:ZCS) was down 0.1% during trading on Monday . The stock traded as low as C$13.99 and last traded at C$14.00. Approximately 72,043 shares traded hands during mid-day trading, a decline of 38% from the average daily volume of 116,992 shares. The stock had previously closed at C$14.01.

BMO Short Corporate Bond Index ETF Stock Down 0.1%

The firm’s 50 day simple moving average is C$13.97 and its 200 day simple moving average is C$14.02.

About BMO Short Corporate Bond Index ETF

The ETF seeks to replicate, to the extent possible, the performance of a short-term corporate bond index, net of expenses. Currently, the ETF seeks to replicate the performance of the FTSE Canada Short Term Corporate Bond Index (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. The Manager may also use a sampling methodology in selecting investments for the ETF. As an alternative to or in conjunction with investing in and holding the constituent securities, the ETF may invest in or use certain Other Securities (as defined in the prospectus) to obtain exposure to the performance of the Index.