BMO Short Corporate Bond Index ETF (TSE:ZCS) Stock Price Down 0.2% – Here’s What Happened

Shares of BMO Short Corporate Bond Index ETF (TSE:ZCS) dropped 0.2% during trading on Thursday . The company traded as low as C$13.92 and last traded at C$13.92. 64,265 shares changed hands during mid-day trading, a decline of 44% from the average session volume of 114,128 shares. The stock had previously closed at C$13.95.

BMO Short Corporate Bond Index ETF Stock Performance

The firm has a 50 day moving average price of C$13.97 and a two-hundred day moving average price of C$14.00.

About BMO Short Corporate Bond Index ETF

The ETF seeks to replicate, to the extent possible, the performance of a short-term corporate bond index, net of expenses. Currently, the ETF seeks to replicate the performance of the FTSE Canada Short Term Corporate Bond Index (the Index). The investment strategy of the ETF is to invest in and hold the constituent securities of the Index in the same proportion as they are reflected in the Index. The Manager may also use a sampling methodology in selecting investments for the ETF. As an alternative to or in conjunction with investing in and holding the constituent securities, the ETF may invest in or use certain Other Securities (as defined in the prospectus) to obtain exposure to the performance of the Index.