Hamilton Enhanced Canadian Bank ETF (TSE:HCAL) Trading Down 0.5% – Time to Sell?

Hamilton Enhanced Canadian Bank ETF (TSE:HCAL)’s stock price traded down 0.5% during trading on Wednesday . The company traded as low as C$48.87 and last traded at C$49.03. 61,295 shares changed hands during mid-day trading, a decline of 12% from the average daily volume of 69,971 shares. The stock had previously closed at C$49.26.

Hamilton Enhanced Canadian Bank ETF Price Performance

The stock has a 50-day moving average price of C$50.00 and a two-hundred day moving average price of C$43.94.

Hamilton Enhanced Canadian Bank ETF Company Profile

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. As an alternative to, or in conjunction with investing in and holding the constituent securities, HCAL may also invest in other securities, including Other Funds (as defined herein) to obtain exposure to the constituent securities of the Index in a manner that is consistent with HCALs investment objective.