Hamilton Canadian Financials Yield Maximizer ETF (TSE:HMAX) Stock Crosses Above 50 Day Moving Average – What’s Next?

Hamilton Canadian Financials Yield Maximizer ETF (TSE:HMAX) shares crossed above its 50-day moving average during trading on Monday. The stock has a 50-day moving average of C$17.49 and traded as high as C$17.67. Hamilton Canadian Financials Yield Maximizer ETF shares last traded at C$17.62, with a volume of 243,866 shares changing hands.

Hamilton Canadian Financials Yield Maximizer ETF Price Performance

The company’s 50-day moving average price is C$17.49 and its 200-day moving average price is C$17.04.

Hamilton Canadian Financials Yield Maximizer ETF Company Profile

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.