Will US Buyback Leaders Fund Run Out of Steam Soon?

 Will US Buyback Leaders Fund Run Out of Steam Soon?

The stock of US Buyback Leaders Fund (TSE:HUL) hit a new 52-week high and has $15.21 target or 98.00% above today’s $7.68 share price. The 5 months bullish chart indicates low risk for the $19.75M company. The 1-year high was reported on Nov, 9 by Barchart.com. If the $15.21 price target is reached, the company will be worth $19.36 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock last traded at $7.68 per share. It is down 6.00% since October 10, 2016 and is uptrending. It has outperformed by 1.22% the S&P500.

More notable recent US Buyback Leaders Fund (TSE:HUL) news were published by: Marketwired.com which released: “Harvest Portfolios Group Inc. Announces Unitholder Approval of ETF Conversions” on September 19, 2016, also Marketwired.com with their article: “Harvest Portfolios Group Inc. Announces Completion of ETF Conversions” published on October 24, 2016, Reuters.com published: “Pension fund leaders challenge McDonald’s and others on buybacks” on May 21, 2015. More interesting news about US Buyback Leaders Fund (TSE:HUL) were released by: Pionline.com and their article: “Actuarial leaders disband task force, object to paper on public plan liabilities” published on August 03, 2016 as well as Bloomberg.com‘s news article titled: “U.S. Buyback Announcements Tumble to a 2012 Low” with publication date: August 16, 2016.

US Buyback Leaders Fund is an investment fund. The company has a market cap of $19.75 million. The Fund’s investment objectives are to provide unitholders with quarterly cash distributions, the opportunity for capital appreciation and provide investors with exposure to select large capitalization United States companies that are leaders in terms of share repurchase programs or buybacks. It currently has negative earnings. The Fund invests in an equally-weighted portfolio of equity securities of the top 25 ranked United States Buyback Leaders that have a market capitalization of at least $10 billion at the time of investment.

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