BMO Europe High Dividend Covered Call Hedged to CAD ETF (TSE:ZWE) Trading 1.5% Higher – What’s Next?

BMO Europe High Dividend Covered Call Hedged to CAD ETF (TSE:ZWE)’s share price traded up 1.5% on Monday . The company traded as high as C$21.04 and last traded at C$20.97. 31,909 shares changed hands during trading, a decline of 23% from the average session volume of 41,412 shares. The stock had previously closed at C$20.67.

BMO Europe High Dividend Covered Call Hedged to CAD ETF Trading Up 1.5%

The business has a fifty day simple moving average of C$21.26 and a two-hundred day simple moving average of C$21.07.

BMO Europe High Dividend Covered Call Hedged to CAD ETF Company Profile

The ETF seeks to provide exposure to the performance of a portfolio of dividend paying European companies to generate income and to provide long-term capital appreciation, while mitigating downside risk through the use of covered call options. The ETF will invest in or use derivative instruments to seek to hedge foreign currency exposure. Currently, the ETF primarily invests in BMO Europe High Dividend Covered Call ETF and uses derivative instruments to hedge back to the Canadian dollar. Securities will be selected using a rules based methodology that considers dividend growth, yield, and payout ratio.