iShares S&P/TSX Capped REIT Index ETF (TSE:XRE) Trading Down 0.4% – Here’s What Happened

iShares S&P/TSX Capped REIT Index ETF (TSE:XRE) dropped 0.4% during trading on Tuesday . The company traded as low as C$16.25 and last traded at C$16.29. Approximately 405,938 shares traded hands during mid-day trading, a decline of 15% from the average daily volume of 477,710 shares. The stock had previously closed at C$16.35.

iShares S&P/TSX Capped REIT Index ETF Trading Down 0.4%

The stock’s fifty day moving average price is C$15.47 and its two-hundred day moving average price is C$15.81.

iShares S&P/TSX Capped REIT Index ETF Company Profile

The investment objective of the Fund is to provide long term capital growth by replicating, to the extent possible, the performance of the S&P/TSX Capped REIT Index the Index, net of expenses. To achieve its investment objective the Fund uses an indexing strategy. Under this strategy, the Fund seeks to replicate the performance of the Index, net of expenses, by employing, directly or indirectly, through investment in one or more iShares ETFs and/or through the use of derivatives, a replicating strategy or sampling strategy.