Hamilton Canadian Financials Yield Maximizer ETF (TSE:HMAX) Stock Price Down 0.1% – Here’s Why

Hamilton Canadian Financials Yield Maximizer ETF (TSE:HMAX)’s stock price traded down 0.1% on Tuesday . The stock traded as low as C$16.22 and last traded at C$16.24. 266,802 shares were traded during mid-day trading, a decline of 21% from the average session volume of 336,240 shares. The stock had previously closed at C$16.26.

Hamilton Canadian Financials Yield Maximizer ETF Trading Down 0.1%

The firm’s 50-day moving average is C$16.19 and its 200-day moving average is C$15.52.

About Hamilton Canadian Financials Yield Maximizer ETF

The Hamilton Canadian Financials Yield Maximizer ETF is designed to provide higher monthly income from Canadas 10 largest financial services companies while employing an active covered call strategy. The investment objective of HMAX is to deliver attractive monthly income, while providing exposure to a market cap-weighted portfolio of Canadian financial services equity securities. To supplement dividend income earned on the equity holdings, mitigate risk and reduce volatility, HMAX will employ a covered call option writing program.