The stock of BMO Short Corporate Bond Index ETF (TSE:ZCS) reached all time low today, Dec, 1 and still has $13.86 target or 4.00% below today’s $14.44 share price. This indicates more downside for the $1.34 billion company. This technical setup was reported by Barchart.com. If the $13.86 PT is reached, the company will be worth $53.60M 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 13,715 shares traded hands. BMO Short Corporate Bond Index ETF (TSE:ZCS) has declined 0.34% since April 27, 2016 and is downtrending. It has underperformed by 6.27% the S&P500.
More important recent BMO Short Corporate Bond Index ETF (TSE:ZCS) news were published by: Theglobeandmail.com which released: “BMO cuts annual management fees by more than 50% on some ETFs” on June 15, 2016, also Theglobeandmail.com published article titled: “How safe are short-term bond funds?”, 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 Corporate Bond Index ETF (TSE:ZCS) was released by: Theglobeandmail.com and their article: “Larry Berman: Why a balanced fund I run currently has very little exposure to …” with publication date: July 18, 2016.
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