BMO Short Corporate Bond Index ETF (TSE:ZCS) Stock Price Down 0.3% – What’s Next?

BMO Short Corporate Bond Index ETF (TSE:ZCS) fell 0.3% during mid-day trading on Thursday . The company traded as low as C$13.94 and last traded at C$13.95. 69,882 shares changed hands during trading, a decline of 42% from the average session volume of 121,039 shares. The stock had previously closed at C$13.99.

BMO Short Corporate Bond Index ETF Stock Down 0.3%

The stock’s 50 day simple moving average is C$14.08 and its two-hundred day simple moving average is C$14.09.

About BMO Short Corporate Bond Index ETF

The ETF seeks to replicate, to the extent possible, the performance of a short-term corporate bond index, net of expenses. Currently, the ETF seeks to replicate the performance of the FTSE Canada Short Term Corporate Bond Index (the Index). The investment strategy of the ETF is to invest in and hold the constituent securities of the Index in the same proportion as they are reflected in the Index. The Manager may also use a sampling methodology in selecting investments for the ETF. As an alternative to or in conjunction with investing in and holding the constituent securities, the ETF may invest in or use certain Other Securities (as defined in the prospectus) to obtain exposure to the performance of the Index.