BMO SHORT PROVINCIAL BOND INDEX ETF Can’t Burn Your Short Portfolio. Just Reaches 52-Week Low

 BMO SHORT PROVINCIAL BOND INDEX ETF Can't Burn Your Short Portfolio. Just Reaches 52 Week Low

The stock of BMO SHORT PROVINCIAL BOND INDEX ETF (TSE:ZPS) hit a new 52-week low and has $13.22 target or 6.00% below today’s $14.06 share price. The 9 months bearish chart indicates high risk for the $538.46M company. The 1-year low was reported on Nov, 2 by Barchart.com. If the $13.22 price target is reached, the company will be worth $32.31M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 5,044 shares traded hands. BMO SHORT PROVINCIAL BOND INDEX ETF (TSE:ZPS) has declined 0.92% since March 29, 2016 and is downtrending. It has underperformed by 3.44% the S&P500.

More notable recent BMO SHORT PROVINCIAL BOND INDEX ETF (TSE:ZPS) news were published by: Business.Financialpost.com which released: “Provincial bond ETFs combine yield, safety” on January 25, 2013, also Marketwired.com with their article: “BMO Asset Management Inc. Announces Cash Distributions for BMO Exchange Traded …” published on July 19, 2016, Theglobeandmail.com published: “How safe are short-term bond funds?” on August 30, 2013. More interesting news about BMO SHORT PROVINCIAL BOND INDEX ETF (TSE:ZPS) were released by: Theglobeandmail.com and their article: “Provincial bond ETF: A low-risk route to higher returns” published on January 22, 2013 as well as Bloomberg.com‘s news article titled: “Yield Hunt Has Canada Long-Bond ETFs Leading Record Flow Growth” with publication date: July 18, 2016.

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