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

Hamilton Enhanced Canadian Bank ETF (TSE:HCAL) reached a new 52-week high on Monday . The company traded as high as C$35.54 and last traded at C$35.54, with a volume of 16142 shares changing hands. The stock had previously closed at C$35.48.

Hamilton Enhanced Canadian Bank ETF Stock Down 0.2%

The company has a fifty day moving average of C$32.93 and a 200 day moving average of C$29.90.

Hamilton Enhanced Canadian Bank ETF Company Profile

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.