Hamilton Canadian Financials Yield Maximizer ETF (TSE:HMAX) Trading 0.4% Higher – Should You Buy?

Hamilton Canadian Financials Yield Maximizer ETF (TSE:HMAX) traded up 0.4% on Tuesday . The company traded as high as C$18.28 and last traded at C$18.14. Approximately 419,443 shares changed hands during trading, an increase of 9% from the average session volume of 384,029 shares. The stock had previously closed at C$18.06.

Hamilton Canadian Financials Yield Maximizer ETF Trading Up 0.1%

The stock’s 50-day simple moving average is C$17.96 and its 200 day simple moving average is C$16.86.

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.