BMO Junior Gold Index ETF (TSE:ZJG) Shares Up 2.1% – Here’s Why

BMO Junior Gold Index ETF (TSE:ZJG) shares rose 2.1% on Wednesday . The company traded as high as C$302.00 and last traded at C$301.19. Approximately 9,597 shares traded hands during mid-day trading, an increase of 52% from the average daily volume of 6,311 shares. The stock had previously closed at C$294.97.

BMO Junior Gold Index ETF Stock Performance

The firm has a 50-day moving average price of C$239.05 and a 200-day moving average price of C$197.44.

BMO Junior Gold Index ETF Company Profile

The ETF seeks to replicate, to the extent possible, the performance of a junior gold companies index, net of expenses. Currently, the ETF seeks to replicate the performance of the Dow Jones North America Select Junior Gold 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.