BMO High Yield US Corporate Bond Hedged to CAD Index ETF (TSE:ZHY – Get Free Report)’s share price was up 0.2% on Wednesday. The company traded as high as C$10.43 and last traded at C$10.43. Approximately 14,551 shares traded hands during trading, a decline of 59% from the average daily volume of 35,240 shares. The stock had previously closed at C$10.41.
BMO High Yield US Corporate Bond Hedged to CAD Index ETF Price Performance
The firm has a fifty day moving average of C$10.64 and a 200-day moving average of C$10.84.
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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