The stock of VANGUARD CDN SHORT-TERM BOND INDEX ETF (TSE:VSB) hit a new 52-week low and has $23.10 target or 6.00% below today’s $24.57 share price. The 6 months bearish chart indicates high risk for the $802.29 million company. The 1-year low was reported on Nov, 9 by Barchart.com. If the $23.10 price target is reached, the company will be worth $48.14M 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 25,351 shares traded hands. VANGUARD CDN SHORT-TERM BOND INDEX ETF (TSE:VSB) has declined 0.61% since April 5, 2016 and is downtrending. It has underperformed by 5.39% the S&P500.
More notable recent VANGUARD CDN SHORT-TERM BOND INDEX ETF (TSE:VSB) news were published by: Marketwatch.com which released: “Vanguard announces cash distributions for the Vanguard ETFs (VAB, VSB, VSC …” on September 06, 2016, also Theglobeandmail.com with their article: “What we’re investing in: Canada’s five most popular ETFs” published on October 01, 2015, Marketwatch.com published: “Vanguard announces cash distributions for the Vanguard ETFs (VAB, VSB, VSC …” on July 19, 2016. More interesting news about VANGUARD CDN SHORT-TERM BOND INDEX ETF (TSE:VSB) were released by: Fool.ca and their article: “Caution Ahead: Why Bonds May Soon Become Much Harder to Manage” published on May 12, 2015 as well as Business.Financialpost.com‘s news article titled: “The DIY investor’s guide to portfolio building: How to choose the right ETF” with publication date: May 22, 2015.
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