BMO Short Corporate Bond Index ETF (TSE:ZCS) Trading Up 0.2% – Still a Buy?

BMO Short Corporate Bond Index ETF (TSE:ZCS) shares shot up 0.2% during mid-day trading on Wednesday . The stock traded as high as C$13.98 and last traded at C$13.97. 101,940 shares were traded during mid-day trading, a decline of 13% from the average session volume of 117,129 shares. The stock had previously closed at C$13.94.

BMO Short Corporate Bond Index ETF Price Performance

The business’s fifty day moving average is C$13.98 and its 200-day moving average is C$14.01.

BMO Short Corporate Bond Index ETF Company Profile

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.