BMO High Yield US Corporate Bond Hedged to CAD Index ETF (TSE:ZHY) Trading Down 0.8% – What’s Next?

BMO High Yield US Corporate Bond Hedged to CAD Index ETF (TSE:ZHY)’s share price traded down 0.8% during mid-day trading on Thursday . The stock traded as low as C$10.93 and last traded at C$10.93. 38,123 shares traded hands during mid-day trading, a decline of 8% from the average session volume of 41,359 shares. The stock had previously closed at C$11.02.

BMO High Yield US Corporate Bond Hedged to CAD Index ETF Stock Performance

The firm’s 50 day moving average is C$11.16 and its 200 day moving average is C$11.20.

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.