BMO Nasdaq 100 Equity Hedged to CAD Index ETF (TSE:ZQQ) Trading 3.3% Higher – What’s Next?

BMO Nasdaq 100 Equity Hedged to CAD Index ETF (TSE:ZQQGet Free Report) shares rose 3.3% on Thursday . The stock traded as high as C$190.32 and last traded at C$190.07. Approximately 33,856 shares changed hands during trading, a decline of 46% from the average daily volume of 62,457 shares. The stock had previously closed at C$183.94.

BMO Nasdaq 100 Equity Hedged to CAD Index ETF Price Performance

The firm has a 50-day moving average of C$199.21 and a 200-day moving average of C$183.53.

BMO Nasdaq 100 Equity Hedged to CAD Index ETF Company Profile

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The ETF seeks to replicate, to the extent possible, the performance of a NASDAQ listed companies index, net of expenses. Currently, the ETF seeks to replicate the performance of the NASDAQ 100 Index Hedged to CAD (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 and use derivative instruments to hedge back to the Canadian dollar. The Manager may also use a sampling methodology in selecting investments for the ETF.

Further Reading

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