BMO Nasdaq 100 Equity Hedged to CAD Index ETF (TSE:ZQQ) Shares Break Above Two Hundred Day Moving Average – Here’s Why

Shares of BMO Nasdaq 100 Equity Hedged to CAD Index ETF (TSE:ZQQ – Get Free Report) passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of C$189.55 and traded as high as C$192.46. BMO Nasdaq 100 Equity Hedged to CAD Index ETF shares last traded at C$190.84, with a volume of 35,344 shares trading hands.

BMO Nasdaq 100 Equity Hedged to CAD Index ETF Stock Performance

The stock’s 50 day simple moving average is C$199.25 and its 200-day simple moving average is C$189.55.

About BMO Nasdaq 100 Equity Hedged to CAD Index ETF

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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.

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