Horizons NASDAQ-100 Index ETF (TSE:HXQ) Shares Down 1.7% – Here’s What Happened

Horizons NASDAQ-100 Index ETF (TSE:HXQ) shares dropped 1.7% during trading on Friday . The stock traded as low as C$92.20 and last traded at C$92.35. Approximately 36,585 shares were traded during mid-day trading, an increase of 64% from the average daily volume of 22,260 shares. The stock had previously closed at C$93.97.

Horizons NASDAQ-100 Index ETF Trading Down 1.7%

The stock’s fifty day simple moving average is C$97.86 and its two-hundred day simple moving average is C$99.45.

Horizons NASDAQ-100 Index ETF Company Profile

In order to achieve their investment objectives and obtain direct or indirect exposure to securities of their Underlying Indexs Constituent Issuers, the Index ETFs may invest in and hold the securities of Constituent Issuers in substantially the same proportion as they are reflected in the applicable Underlying Index, or may invest in and hold index participation units of exchange traded funds or use derivatives, including but not limited to swap agreements, futures contracts, options on futures contracts, forward contracts, options on securities and indices, money market instruments, reverse repurchase agreements or a combination of the foregoing, that are based on the applicable Underlying Index, provided that the use of such derivative instruments is in compliance with NI 81-102 and is consistent with the investment objective of that Index ETF.