What’s Propelling iShares S&P TSX Capped Energy Index Fund to Decline So Much?

 What's Propelling iShares S&P TSX Capped Energy Index Fund to Decline So Much?

The stock of iShares S&P TSX Capped Energy Index Fund (TSE:XEG) is a huge mover today! About 121,739 shares traded hands. iShares S&P TSX Capped Energy Index Fund (TSE:XEG) has risen 17.41% since April 21, 2016 and is uptrending. It has outperformed by 12.00% the S&P500.
The move comes after 6 months negative chart setup for the $1.12 billion company. It was reported on Nov, 25 by Barchart.com. We have $12.79 PT which if reached, will make TSE:XEG worth $67.20 million less.

More notable recent iShares S&P TSX Capped Energy Index Fund (TSE:XEG) news were published by: Fool.ca which released: “The Best ETF to Play Oil’s Continuing Volatility” on August 29, 2016, also Theglobeandmail.com with their article: “ETFs to ride the Canadian energy sector roller coaster” published on March 18, 2011, Marketwired.com published: “BlackRock(R) Canada Announces September Cash Distributions for the iShares(R) ETFs” on September 07, 2016. More interesting news about iShares S&P TSX Capped Energy Index Fund (TSE:XEG) were released by: Marketwired.com and their article: “BlackRock® Canada Announces June Cash Distributions for the iShares® ETFs” published on June 08, 2016 as well as Theglobeandmail.com‘s news article titled: “ETFs you should get to know – and those to avoid” with publication date: August 24, 2012.

iShares S&P/TSX Capped Energy Index Fund, formerly iShares CDN S&P/TSX Capped Energy Index Fund, seeks to provide long-term capital growth by replicating, to the extent possible, the performance of the S&P/TSX Capped Energy Index through investments in the constituent issuers of such index. The company has a market cap of $1.12 billion. The Index consists of securities of Canadian energy sector issuers listed on the TSX, selected by Standard & Poor’s (S&P) using its industrial classifications and guidelines for evaluating issuer capitalization, liquidity and fundamentals. It currently has negative earnings. The Index includes stocks belonging to the S&P/TSX Energy industry sector classification, with the weight of any one firm capped at 25% of the market capitalization of the Index.

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