BMO High Yield US Corporate Bond Hedged to CAD Index ETF (TSE:ZHY) Sets New 12-Month Low – Here’s Why

BMO High Yield US Corporate Bond Hedged to CAD Index ETF (TSE:ZHY – Get Free Report) reached a new 52-week low on Wednesday. The company traded as low as C$10.61 and last traded at C$10.61, with a volume of 21730 shares traded. The stock had previously closed at C$10.70.

BMO High Yield US Corporate Bond Hedged to CAD Index ETF Stock Down 0.1%

The company has a fifty day simple moving average of C$10.81 and a 200-day simple moving average of C$10.91.

BMO High Yield US Corporate Bond Hedged to CAD Index ETF Company Profile

(Get Free Report)

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.

Read More

• Five stocks we like better than BMO High Yield US Corporate Bond Hedged to CAD Index ETF
• Costco Ends Its Fiscal Year on a High Note, Eyes Big Expansion
• Cracker Barrel Stock Is Rallying Again, But the Turnaround Still Has a Traffic Problem
• Oracle’s Force Majeure Notice Exposes a Bigger Problem for the AI Build-Out
• Oil May Be Stronger Than It Looks—And Diamondback Is on Sale