BMO US High Dividend Covered Call ETF (TSE:ZWH) Stock Price Down 0.1% – Here’s Why

BMO US High Dividend Covered Call ETF (TSE:ZWHGet Free Report)’s share price was down 0.1% during trading on Tuesday . The company traded as low as C$26.95 and last traded at C$26.98. Approximately 9,590 shares traded hands during trading, a decline of 57% from the average session volume of 22,103 shares. The stock had previously closed at C$27.00.

BMO US High Dividend Covered Call ETF Stock Performance

The firm has a 50-day simple moving average of C$26.11 and a two-hundred day simple moving average of C$25.47.

About BMO US High Dividend Covered Call ETF

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The ETF seeks to provide exposure to the performance of a portfolio of dividend paying U.S. 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 primarily invest in and hold the equity securities of dividend paying U.S. companies. Securities will be selected using a rules based methodology that considers dividend growth, yield and payout ratio. In addition, depending on market volatility and other factors, the ETF will write covered call options on these securities.

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