BMO High Yield US Corporate Bond Hedged to CAD Index ETF (TSE:ZHY – Get Free Report) shares reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$10.76 and last traded at C$10.76, with a volume of 24311 shares traded. The stock had previously closed at C$10.82.
BMO High Yield US Corporate Bond Hedged to CAD Index ETF Stock Performance
The firm has a 50 day moving average price of C$10.88 and a 200 day moving average price of C$10.96.
About BMO High Yield US Corporate Bond Hedged to CAD Index ETF
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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