BMO Europe High Dividend Covered Call Hedged to CAD ETF (TSE:ZWE) Stock Falls 0.5% – What’s Next?

Shares of BMO Europe High Dividend Covered Call Hedged to CAD ETF (TSE:ZWE – Get Free Report) were down 0.5% during trading on Wednesday. The stock traded as low as C$21.03 and last traded at C$21.04. 12,240 shares traded hands during trading, a decline of 55% from the average daily volume of 26,986 shares. The stock had previously closed at C$21.15.

BMO Europe High Dividend Covered Call Hedged to CAD ETF Price Performance

The company’s 50 day simple moving average is C$21.91 and its two-hundred day simple moving average is C$21.54.

About BMO Europe High Dividend Covered Call Hedged to CAD ETF

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The ETF seeks to provide exposure to the performance of a portfolio of dividend paying European companies to generate income and to provide long-term capital appreciation, while mitigating downside risk through the use of covered call options. The ETF will invest in or use derivative instruments to seek to hedge foreign currency exposure. Currently, the ETF primarily invests in BMO Europe High Dividend Covered Call ETF and uses derivative instruments to hedge back to the Canadian dollar. Securities will be selected using a rules based methodology that considers dividend growth, yield, and payout ratio.

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