BMO High Yield US Corporate Bond Hedged to CAD Index ETF (TSE:ZHY) Stock Price Up 0.1% – What’s Next?

BMO High Yield US Corporate Bond Hedged to CAD Index ETF (TSE:ZHY) rose 0.1% on Friday . The stock traded as high as C$11.00 and last traded at C$10.98. Approximately 23,688 shares were traded during trading, a decline of 36% from the average daily volume of 37,187 shares. The stock had previously closed at C$10.97.

BMO High Yield US Corporate Bond Hedged to CAD Index ETF Trading Up 0.1%

The company has a fifty day simple moving average of C$10.98 and a two-hundred day simple moving average of C$11.08.

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.