BMO Nasdaq 100 Equity Hedged to CAD Index ETF (TSE:ZQQ) Shares Climb 0.2% – What’s Next?

Shares of BMO Nasdaq 100 Equity Hedged to CAD Index ETF (TSE:ZQQ) shot up 0.2% during mid-day trading on Thursday. The company traded as high as C$206.37 and last traded at C$205.63. Approximately 56,720 shares traded hands during mid-day trading, an increase of 4% from the average session volume of 54,670 shares. The stock had previously closed at C$205.23.

BMO Nasdaq 100 Equity Hedged to CAD Index ETF Price Performance

The firm has a 50 day moving average price of C$198.91 and a 200-day moving average price of C$192.54.

BMO Nasdaq 100 Equity Hedged to CAD Index ETF Company Profile

The ETF seeks to replicate, to the extent possible, the performance of a NASDAQ listed companies index, net of expenses. Currently, the ETF seeks to replicate the performance of the NASDAQ 100 Index Hedged to CAD (the Index). The investment strategy of the ETF is to invest in and hold the constituent securities of the Index in the same proportion as they are reflected in the Index and use derivative instruments to hedge back to the Canadian dollar. The Manager may also use a sampling methodology in selecting investments for the ETF.