The stock of BMO SHORT FEDERAL BOND INDEX ETF (TSE:ZFS) reached all time low today, Nov, 14 and still has $13.55 target or 7.00% below today’s $14.57 share price. This indicates more downside for the $504.39 million company. This technical setup was reported by Barchart.com. If the $13.55 PT is reached, the company will be worth $35.31 million less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. 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.