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

BMO Europe High Dividend Covered Call Hedged to CAD ETF (TSE:ZWE)’s share price fell 0.5% on Wednesday. The stock traded as low as C$21.03 and last traded at C$21.04. Approximately 12,240 shares traded hands during mid-day 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 Trading Down 0.5%

The stock’s fifty day moving average price is C$21.91 and its 200-day moving average price is C$21.54.

About BMO Europe High Dividend Covered Call Hedged to CAD ETF

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.