BMO Junior Gold Index ETF (TSE:ZJG) Stock Price Down 2% – Here’s What Happened

BMO Junior Gold Index ETF (TSE:ZJG) fell 2% during mid-day trading on Tuesday. The stock traded as low as C$20.50 and last traded at C$20.53. 9,062 shares were traded during trading, a decline of 92% from the average daily volume of 114,079 shares. The stock had previously closed at C$20.95.

BMO Junior Gold Index ETF Stock Performance

The company has a 50-day simple moving average of C$24.78 and a 200-day simple moving average of C$179.14.

About BMO Junior Gold Index ETF

The ETF seeks to replicate, to the extent possible, the performance of a junior gold companies index, net of expenses. Currently, the ETF seeks to replicate the performance of the Dow Jones North America Select Junior Gold Index (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. The Manager may also use a sampling methodology in selecting investments for the ETF. As an alternative to or in conjunction with investing in and holding the constituent securities, the ETF may invest in or use certain Other Securities (as defined in the prospectus) to obtain exposure to the performance of the Index.