BMO MSCI EAFE Hedged to CAD Index ETF (TSE:ZDM) Sets New 52-Week High – Here’s Why

BMO MSCI EAFE Hedged to CAD Index ETF (TSE:ZDMGet Free Report) shares hit a new 52-week high during trading on Monday . The company traded as high as C$38.50 and last traded at C$38.46, with a volume of 424 shares traded. The stock had previously closed at C$38.02.

BMO MSCI EAFE Hedged to CAD Index ETF Stock Performance

The stock has a 50 day moving average of C$37.18 and a 200 day moving average of C$36.24.

About BMO MSCI EAFE Hedged to CAD Index ETF

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The ETF seeks to replicate, to the extent possible, the performance of an international equities market index, net of expenses. Currently, the ETF seeks to replicate the performance of the MSCI EAFE 100% Hedged to CAD Index (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. Currently, the ETF primarily invests in BMO MSCI EAFE Index ETF and uses derivative instruments to hedge its foreign currency exposure back to the Canadian dollar.

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