Hamilton Enhanced Canadian Bank ETF (TSE:HCAL) Reaches New 52-Week High – Here’s Why

Hamilton Enhanced Canadian Bank ETF (TSE:HCALGet Free Report)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as C$33.14 and last traded at C$33.13, with a volume of 24518 shares. The stock had previously closed at C$32.80.

Hamilton Enhanced Canadian Bank ETF Trading Up 1.2%

The company has a 50 day moving average price of C$31.83 and a 200 day moving average price of C$28.57.

Hamilton Enhanced Canadian Bank ETF Company Profile

(Get Free Report)

The investment objective of HCAL is to replicate, to the extent reasonably possible and before the deduction of fees and expenses, a multiple of the performance of a rules-based, variable-weight Canadian bank index. HCAL will seek to achieve its investment objective by borrowing cash to invest in and hold a proportionate share of, or a sampling of the constituent securities of, the Solactive Canadian Bank Mean Reversion Index in order to track approximately 1.25x the performance of such Index.

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