iShares Core Canadian Universe Bond Index ETF (TSE:XBB) Hits New 52-Week Low – Here’s Why

Shares of iShares Core Canadian Universe Bond Index ETF (TSE:XBB) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$27.61 and last traded at C$27.65, with a volume of 17178 shares trading hands. The stock had previously closed at C$27.73.

iShares Core Canadian Universe Bond Index ETF Stock Performance

The stock’s 50 day moving average price is C$28.02 and its 200 day moving average price is C$28.09.

iShares Core Canadian Universe Bond Index ETF Company Profile

The investment objective of the Fund is to provide income by replicating, to the extent possible, the performance of the FTSE Canada Universe Bond Index the Index, net of expenses. To achieve its investment objective the fund uses an indexing strategy to achieve its investment objective. Under this strategy, the Fund seeks to replicate the performance of the Index, net of expenses, by employing, directly or indirectly, through investment in one or more exchange-traded funds managed by BlackRock Canada or an affiliate and or through the use of derivatives, a replicating strategy or sampling strategy.