BMO Nasdaq 100 Equity Hedged to CAD Index ETF (TSE:ZQQ) Trading Up 0% – Time to Buy?

BMO Nasdaq 100 Equity Hedged to CAD Index ETF (TSE:ZQQ) was up 0% during mid-day trading on Tuesday . The stock traded as high as C$169.30 and last traded at C$168.50. Approximately 61,978 shares changed hands during mid-day trading, an increase of 42% from the average daily volume of 43,513 shares. The stock had previously closed at C$168.45.

BMO Nasdaq 100 Equity Hedged to CAD Index ETF Price Performance

The company’s 50-day moving average is C$173.49 and its two-hundred day moving average is C$170.50.

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. The Manager may also use a sampling methodology in selecting investments for the ETF.