Hamilton Enhanced Canadian Bank ETF (TSE:HCAL) Sets New 52-Week High – Still a Buy?

Hamilton Enhanced Canadian Bank ETF (TSE:HCALGet Free Report) shares 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. The stock had previously closed at C$35.48.

Hamilton Enhanced Canadian Bank ETF Price Performance

The business has a 50-day simple moving average of C$33.07 and a two-hundred day simple moving average of C$30.04.

About Hamilton Enhanced Canadian Bank ETF

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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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