BMO CA High Dividend Covered Call ETF (TSE:ZWC) Shares Up 0.6% – Here’s What Happened

BMO CA High Dividend Covered Call ETF (TSE:ZWC) shot up 0.6% on Wednesday . The company traded as high as C$23.00 and last traded at C$22.96. 56,082 shares changed hands during mid-day trading, a decline of 51% from the average session volume of 113,593 shares. The stock had previously closed at C$22.82.

BMO CA High Dividend Covered Call ETF Trading Up 0.2%

The business has a 50-day moving average of C$22.63 and a 200-day moving average of C$22.04.

BMO CA High Dividend Covered Call ETF Company Profile

The ETF seeks to provide exposure to the performance of a portfolio of dividend paying Canadian companies to generate income and to provide long-term capital appreciation, while mitigating downside risk through the use of covered call options. To achieve investment objective the ETF will primarily invest in and hold dividend paying equity securities of Canadian companies. The selected companies will have the potential for long-term capital appreciation. Securities will be selected using a rules based methodology that considers dividend growth, yield, and payout ratio.