iShares Core Canadian Short Term Bond Index ETF (TSE:XSB) Sets New 52-Week Low – Here’s Why

iShares Core Canadian Short Term Bond Index ETF (TSE:XSB – Get Free Report) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as C$26.48 and last traded at C$26.49, with a volume of 13917 shares trading hands. The stock had previously closed at C$26.64.

iShares Core Canadian Short Term Bond Index ETF Stock Performance

The company’s 50 day moving average price is C$26.74 and its 200 day moving average price is C$26.82.

iShares Core Canadian Short Term Bond Index ETF Company Profile

(Get Free Report)

The investment objective of the Fund is to provide income by replicating, to the extent possible, the performance of the FTSE Canada Short Term Overall Bond Index ,net of expenses. Under normal market conditions, the Fund will primarily invest in Canadian fixed income securities. The Index is a market capitalization-weighted index consisting of a broadly diversified range of bonds which may include any or all of federal, provincial, corporate including certain qualifying asset-backed securities and municipal bonds..

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