Horizons S&P 500 Index ETF (TSE:HXS) Stock Price Down 0.3% – Here’s Why

Horizons S&P 500 Index ETF (TSE:HXS)’s stock price dropped 0.3% during mid-day trading on Tuesday . The company traded as low as C$109.26 and last traded at C$109.36. 9,677 shares traded hands during mid-day trading, a decline of 74% from the average daily volume of 37,826 shares. The stock had previously closed at C$109.74.

Horizons S&P 500 Index ETF Trading Up 1.2%

The company has a fifty day simple moving average of C$110.01 and a two-hundred day simple moving average of C$104.90.

Horizons S&P 500 Index ETF Company Profile

In order to achieve its investment objectives and obtain direct or indirect exposure to securities of its Underlying Indexs constituent issuers, the ETF may invest in and hold the securities of constituent issuers in substantially the same proportion as it is reflected in the applicable Underlying Index, or may invest in and hold index participation units of exchange-traded funds or use derivatives, including but not limited to swap agreements, futures contracts, options on futures contracts, forward contracts, options on securities and indices, money market instruments, reverse repurchase agreements or a combination of the foregoing, that are based on the applicable Underlying Index, provided that the use of such derivative instruments is in compliance with NI 81-102 and is consistent with the investment objective of that Index ETF.