BMO Nasdaq 100 Equity Hedged to CAD Index ETF (TSE:ZQQ) Shares Break Above 200-Day Moving Average – Here’s What Happened

BMO Nasdaq 100 Equity Hedged to CAD Index ETF (TSE:ZQQ)’s share price passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of C$189.55 and traded as high as C$192.46. BMO Nasdaq 100 Equity Hedged to CAD Index ETF shares last traded at C$190.84, with a volume of 35,344 shares changing hands.

BMO Nasdaq 100 Equity Hedged to CAD Index ETF Price Performance

The company has a 50-day simple moving average of C$199.12 and a 200 day simple moving average of C$189.63.

BMO Nasdaq 100 Equity Hedged to CAD Index ETF Company Profile

The ETF seeks to replicate, to the extent possible, the performance of a NASDAQ listed companies index, net of expenses. Currently, the ETF seeks to replicate the performance of the NASDAQ 100 Index Hedged to CAD (the Index). The investment strategy of the ETF is to invest in and hold the constituent securities of the Index in the same proportion as they are reflected in the Index and use derivative instruments to hedge back to the Canadian dollar. The Manager may also use a sampling methodology in selecting investments for the ETF.