BMO High Yield US Corporate Bond Hedged to CAD Index ETF (TSE:ZHY) Trading Up 0.1% – Still a Buy?

BMO High Yield US Corporate Bond Hedged to CAD Index ETF (TSE:ZHY) shot up 0.1% on Tuesday . The stock traded as high as C$11.26 and last traded at C$11.25. 10,113 shares were traded during mid-day trading, a decline of 35% from the average session volume of 15,656 shares. The stock had previously closed at C$11.24.

BMO High Yield US Corporate Bond Hedged to CAD Index ETF Stock Up 0.1 %

The company has a 50-day simple moving average of C$11.24 and a two-hundred day simple moving average of C$11.29.

BMO High Yield US Corporate Bond Hedged to CAD Index ETF Company Profile

The ETF seeks to replicate, to the extent possible, the performance of a broad U.S. high yield corporate bond market index, net of expenses. Currently, the ETF seeks to replicate the performance of the Bloomberg Barclays U.S. High Yield Very Liquid Index CAD Hedged (the Index). The investment strategy of the ETF is to obtain exposure to the performance of the Index by investing in assets such as ETFs, mutual funds or other investment funds, American depositary receipts or derivative instruments.