Could BMO Covered Call Utilities ETF Change Direction After Today’s Huge Decline?

 Could BMO Covered Call Utilities ETF Change Direction After Today's Huge Decline?

The stock of BMO Covered Call Utilities ETF (TSE:ZWU) is a huge mover today! About 72,662 shares traded hands. BMO Covered Call Utilities ETF (TSE:ZWU) has risen 1.21% since April 6, 2016 and is uptrending. It has underperformed by 4.44% the S&P500.
The move comes after 8 months negative chart setup for the $443.48M company. It was reported on Nov, 10 by Barchart.com. We have $11.92 PT which if reached, will make TSE:ZWU worth $44.35M less.

More important recent BMO Covered Call Utilities ETF (TSE:ZWU) news were published by: Theglobeandmail.com which released: “The case against covered call ETFs” on May 23, 2014, also Theglobeandmail.com published article titled: “Larry Berman: A defensive tack for the late stages of market cycle”, Marketwired.com published: “BMO Asset Management Inc. Announces Cash Distributions for BMO Exchange Traded …” on July 19, 2016. More interesting news about BMO Covered Call Utilities ETF (TSE:ZWU) was released by: Marketwired.com and their article: “BMO Asset Management Inc. Announces Estimated Annual Reinvested Distributions …” with publication date: November 18, 2015.

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