Could BMO Short Corporate Bond Index ETF Change Direction After Reaching 52-Week Low?

 Could BMO Short Corporate Bond Index ETF Change Direction After Reaching 52 Week Low?

The stock of BMO Short Corporate Bond Index ETF (TSE:ZCS) hit a new 52-week low and has $13.72 target or 5.00% below today’s $14.44 share price. The 5 months bearish chart indicates high risk for the $1.34B company. The 1-year low was reported on Dec, 1 by Barchart.com. If the $13.72 price target is reached, the company will be worth $67.00 million 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 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 notable 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 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 Corporate Bond Index ETF (TSE:ZCS) were released by: Theglobeandmail.com and their article: “Larry Berman: Why a balanced fund I run currently has very little exposure to …” published on July 18, 2016 as well as Theglobeandmail.com‘s news article titled: “Play it safe with a conservative ETF investment portfolio” with publication date: December 12, 2015.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Related posts

Leave a Comment