iShares S&P/TSX Capped REIT Index ETF (TSE:XRE) Shares Down 1.3% – Here’s What Happened

iShares S&P/TSX Capped REIT Index ETF (TSE:XRE)’s stock price traded down 1.3% during mid-day trading on Friday . The company traded as low as C$15.26 and last traded at C$15.30. 536,262 shares changed hands during mid-day trading, an increase of 32% from the average session volume of 406,424 shares. The stock had previously closed at C$15.50.

iShares S&P/TSX Capped REIT Index ETF Trading Down 1.3%

The business has a 50-day simple moving average of C$16.10 and a 200-day simple moving average of C$15.87.

About iShares S&P/TSX Capped REIT Index ETF

The investment objective of the Fund is to provide long term capital growth by replicating, to the extent possible, the performance of the S&P/TSX Capped REIT Index the Index, net of expenses. To achieve its investment objective the Fund uses an indexing strategy. 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 iShares ETFs and/or through the use of derivatives, a replicating strategy or sampling strategy.