BMO Nasdaq 100 Equity Hedged to CAD Index ETF (TSE:ZQQ) Stock Price Down 0.4% – Here’s Why

BMO Nasdaq 100 Equity Hedged to CAD Index ETF (TSE:ZQQ) shares were down 0.4% during trading on Thursday . The stock traded as low as C$174.13 and last traded at C$176.29. Approximately 38,828 shares traded hands during mid-day trading, a decline of 10% from the average daily volume of 43,288 shares. The stock had previously closed at C$176.97.

BMO Nasdaq 100 Equity Hedged to CAD Index ETF Price Performance

The stock’s 50 day moving average is C$173.15 and its two-hundred day moving average is C$163.96.

BMO Nasdaq 100 Equity Hedged to CAD Index ETF Company Profile

The ETF seeks to replicate, to the extent possible, the performance of a NASDAQ listed companies index, net of expenses. Currently, the ETF seeks to replicate the performance of the NASDAQ 100 Index Hedged to CAD (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 and use derivative instruments to hedge back to the Canadian dollar.