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

Shares of BMO High Yield US Corporate Bond Hedged to CAD Index ETF (TSE:ZHY) were up 0.1% during mid-day trading on Tuesday . The stock traded as high as C$11.26 and last traded at C$11.25. Approximately 10,113 shares changed hands during trading, a decline of 35% from the average daily 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 Performance

The company has a 50-day moving average of C$11.24 and a 200-day 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.