Hamilton Canadian Financials Yield Maximizer ETF (TSE:HMAX) Shares Down 0.2% – Here’s Why

Hamilton Canadian Financials Yield Maximizer ETF (TSE:HMAX) shares dropped 0.2% during mid-day trading on Thursday . The stock traded as low as C$16.30 and last traded at C$16.37. Approximately 252,097 shares traded hands during trading, a decline of 31% from the average daily volume of 363,228 shares. The stock had previously closed at C$16.41.

Hamilton Canadian Financials Yield Maximizer ETF Trading Up 0.7%

The firm has a 50-day moving average of C$16.30 and a 200 day moving average of C$15.70.

About Hamilton Canadian Financials Yield Maximizer ETF

The Hamilton Canadian Financials Yield Maximizer ETF is designed to provide higher monthly income from Canadas 10 largest financial services companies while employing an active covered call strategy. The investment objective of HMAX is to deliver attractive monthly income, while providing exposure to a market cap-weighted portfolio of Canadian financial services equity securities. To supplement dividend income earned on the equity holdings, mitigate risk and reduce volatility, HMAX will employ a covered call option writing program.