The stock of BMO SHORT PROVINCIAL BOND INDEX ETF (TSE:ZPS) hit a new 52-week low and has $12.68 target or 9.00% below today’s $13.93 share price. The 9 months bearish chart indicates high risk for the $480.22M company. The 1-year low was reported on Nov, 29 by Barchart.com. If the $12.68 price target is reached, the company will be worth $43.22M 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. About 33,100 shares traded hands or 345.01% up from the average. BMO SHORT PROVINCIAL BOND INDEX ETF (TSE:ZPS) has declined 1.34% since April 25, 2016 and is downtrending. It has underperformed by 6.60% the S&P500.
More notable recent BMO SHORT PROVINCIAL BOND INDEX ETF (TSE:ZPS) news were published by: Business.Financialpost.com which released: “Provincial bond ETFs combine yield, safety” on January 25, 2013, also Theglobeandmail.com with their article: “How safe are short-term bond funds?” published on August 30, 2013, News.Sys-Con.com published: “BMO Asset Management Inc. Announces Cash Distributions for BMO Exchange Traded …” on November 18, 2016. More interesting news about BMO SHORT PROVINCIAL BOND INDEX ETF (TSE:ZPS) were released by: Marketwired.com and their article: “BMO Asset Management Inc. Announces Estimated Annual Reinvested Distributions …” published on November 18, 2015 as well as Theglobeandmail.com‘s news article titled: “Provincial bond ETF: A low-risk route to higher returns” with publication date: January 22, 2013.
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