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

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

The stock of BMO SHORT FEDERAL BOND INDEX ETF (TSE:ZFS) hit a new 52-week low and has $13.84 target or 5.00% below today’s $14.57 share price. The 8 months bearish chart indicates high risk for the $504.39 million company. The 1-year low was reported on Nov, 14 by Barchart.com. If the $13.84 price target is reached, the company will be worth $25.22 million 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. The ETF last traded at $14.57 per share. It is up 1.02% since April 8, 2016 and is downtrending. It has underperformed by 6.00% the S&P500.

More notable recent BMO SHORT FEDERAL BOND INDEX ETF (TSE:ZFS) news were published by: Marketwired.com which released: “BMO Asset Management Inc. Announces Cash Distributions for BMO Exchange Traded …” on September 20, 2016, also Marketwired.com with their article: “BMO Asset Management Inc. Announces Estimated Annual Reinvested Distributions …” published on November 18, 2015, Theglobeandmail.com published: “Eye on Shorts: What bearish investors are betting against” on March 21, 2016. More interesting news about BMO SHORT FEDERAL BOND INDEX ETF (TSE:ZFS) were released by: Theglobeandmail.com and their article: “Three top picks from Jon Vialoux” published on April 08, 2016 as well as Business.Financialpost.com‘s news article titled: “Provincial bond ETFs combine yield, safety” with publication date: January 25, 2013.

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