Hamilton Enhanced Canadian Bank ETF (TSE:HCAL) Reaches New 12-Month High – What’s Next?

Hamilton Enhanced Canadian Bank ETF (TSE:HCALGet Free Report) reached a new 52-week high on Tuesday . The company traded as high as C$33.87 and last traded at C$33.87, with a volume of 32854 shares trading hands. The stock had previously closed at C$33.52.

Hamilton Enhanced Canadian Bank ETF Trading Up 0.2%

The firm has a fifty day moving average of C$32.53 and a 200 day moving average of C$29.41.

About Hamilton Enhanced Canadian Bank ETF

(Get Free Report)

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.

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