BMO Europe High Dividend Covered Call Hedged to CAD ETF (TSE:ZWE) Stock Falls 0.1% – What’s Next?

BMO Europe High Dividend Covered Call Hedged to CAD ETF (TSE:ZWE)’s stock price fell 0.1% during trading on Wednesday. The company traded as low as C$21.32 and last traded at C$21.32. 21,407 shares traded hands during mid-day trading, a decline of 18% from the average session volume of 26,162 shares. The stock had previously closed at C$21.34.

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

The stock has a fifty day simple moving average of C$21.58 and a two-hundred day simple moving average of C$21.50.

BMO Europe High Dividend Covered Call Hedged to CAD ETF Company Profile

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.