Hamilton Enhanced Canadian Bank ETF (TSE:HCAL) Sets New 12-Month High – Here’s What Happened

Hamilton Enhanced Canadian Bank ETF (TSE:HCALGet Free Report)’s share price reached a new 52-week high on Monday . The company traded as high as C$36.49 and last traded at C$36.34, with a volume of 12435 shares. The stock had previously closed at C$36.19.

Hamilton Enhanced Canadian Bank ETF Stock Performance

The stock’s fifty day moving average is C$33.32 and its two-hundred day moving average is C$30.26.

About Hamilton Enhanced Canadian Bank ETF

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The investment objective of HCAL is to replicate, to the extent reasonably possible and before the deduction of fees and expenses, a multiple of the performance of a rules-based, variable-weight Canadian bank index. HCAL will seek to achieve its investment objective by borrowing cash to invest in and hold a proportionate share of, or a sampling of the constituent securities of, the Solactive Canadian Bank Mean Reversion Index in order to track approximately 1.25x the performance of such Index.

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