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

BMO High Yield US Corporate Bond Hedged to CAD Index ETF (TSE:ZHY) shares hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$10.76 and last traded at C$10.76, with a volume of 1614 shares changing hands. The stock had previously closed at C$10.78.

BMO High Yield US Corporate Bond Hedged to CAD Index ETF Trading Down 0.2%

The business has a fifty day simple moving average of C$10.87 and a 200-day simple moving average of C$10.95.

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.