BMO Short Corporate Bond Index ETF (TSE:ZCS) Reaches New 12-Month Low – Here’s Why

BMO Short Corporate Bond Index ETF (TSE:ZCS)’s stock price reached a new 52-week low during mid-day trading on Friday . The stock traded as low as C$13.87 and last traded at C$13.88, with a volume of 18618 shares trading hands. The stock had previously closed at C$13.93.

BMO Short Corporate Bond Index ETF Price Performance

The stock has a 50-day moving average price of C$13.95 and a 200-day moving average price of C$13.98.

BMO Short Corporate Bond Index ETF Company Profile

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.