BMO High Yield US Corporate Bond Hedged to CAD Index ETF (TSE:ZHY – Get Free Report) shares shot up 0.2% during trading on Thursday . The stock traded as high as C$10.93 and last traded at C$10.92. Approximately 14,410 shares were traded during trading, a decline of 60% from the average session volume of 36,050 shares. The stock had previously closed at C$10.90.
BMO High Yield US Corporate Bond Hedged to CAD Index ETF Stock Performance
The business’s fifty day moving average price is C$10.96 and its two-hundred day moving average price is C$11.05.
BMO High Yield US Corporate Bond Hedged to CAD Index ETF Company Profile
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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