The stock of BMO SHORT PROVINCIAL BOND INDEX ETF (TSE:ZPS) reached all time low today, Nov, 29 and still has $12.82 target or 8.00% below today’s $13.93 share price. This indicates more downside for the $480.22M company. This technical setup was reported by Barchart.com. If the $12.82 PT is reached, the company will be worth $38.42M 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. 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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