BMO Covered Call Canadian Banks ETF (ZWB.TO) (TSE:ZWB) Shares Up 0.5% – Here’s Why

BMO Covered Call Canadian Banks ETF (ZWB.TO) (TSE:ZWB)’s stock price shot up 0.5% during mid-day trading on Tuesday . The company traded as high as C$23.54 and last traded at C$23.51. 108,025 shares were traded during trading, a decline of 23% from the average session volume of 140,866 shares. The stock had previously closed at C$23.40.

BMO Covered Call Canadian Banks ETF (ZWB.TO) Stock Performance

The stock has a 50-day moving average of C$22.61 and a 200-day moving average of C$21.04.

BMO Covered Call Canadian Banks ETF (ZWB.TO) Company Profile

The ETF seeks to provide exposure to the performance of a portfolio of Canadian banks to generate income and to provide long-term capital appreciation while mitigating downside risk through the use of covered call options. To achieve investment objective the ETF will primarily invest in and hold the securities of Canadian banks, ETFs, or a combination of these.