The stock of HORIZONS ACTIVE FLOATING RATE BOND ETF (TSE:HFR) hit a new 52-week high and has $14.53 target or 45.00% above today’s $10.02 share price. The 5 months bullish chart indicates low risk for the $362.25M company. The 1-year high was reported on Nov, 15 by Barchart.com. If the $14.53 price target is reached, the company will be worth $163.01 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 ETF last traded at $10.02 per share. It is down 0.91% since April 11, 2016 and is uptrending. It has underperformed by 3.02% the S&P500.
More notable recent HORIZONS ACTIVE FLOATING RATE BOND ETF (TSE:HFR) news were published by: Marketwatch.com which released: “Horizons Announces September 2016 Distributions for Certain ETFs” on September 21, 2016, also Marketwatch.com with their article: “Horizons announces October 2016 distributions for certain active ETFs” published on October 20, 2016, Business.Financialpost.com published: “Cash king in the short term, says National Bank ETF strategist” on September 09, 2013. More interesting news about HORIZONS ACTIVE FLOATING RATE BOND ETF (TSE:HFR) were released by: Theglobeandmail.com and their article: “In a rising interest rate world, should you own bonds or bond funds?” published on July 02, 2013 as well as Business.Financialpost.com‘s news article titled: “Floating rate bond ETF helps hedge against rate hikes” with publication date: June 23, 2011.
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