BMO Europe High Dividend Covered Call Hedged to CAD ETF (TSE:ZWE) Trading Down 0.2% – What’s Next?

BMO Europe High Dividend Covered Call Hedged to CAD ETF (TSE:ZWE)’s share price traded down 0.2% during mid-day trading on Tuesday . The company traded as low as C$21.13 and last traded at C$21.25. 19,807 shares changed hands during trading, a decline of 42% from the average session volume of 34,187 shares. The stock had previously closed at C$21.29.

BMO Europe High Dividend Covered Call Hedged to CAD ETF Stock Performance

The company’s 50 day moving average is C$20.91 and its 200-day moving average is C$20.56.

About BMO Europe High Dividend Covered Call Hedged to CAD ETF

The ETF seeks to provide exposure to the performance of a portfolio of dividend paying European companies to generate income and to provide long-term capital appreciation, while mitigating downside risk through the use of covered call options. The ETF will invest in or use derivative instruments to seek to hedge foreign currency exposure. Currently, the ETF primarily invests in BMO Europe High Dividend Covered Call ETF and uses derivative instruments to hedge back to the Canadian dollar. Securities will be selected using a rules based methodology that considers dividend growth, yield, and payout ratio.