Hamilton Enhanced Canadian Bank ETF (TSE:HCAL – Get Free Report)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as C$43.20 and last traded at C$43.20, with a volume of 74938 shares traded. The stock had previously closed at C$42.66.
Hamilton Enhanced Canadian Bank ETF Stock Performance
The company has a 50 day moving average of C$39.61 and a 200-day moving average of C$37.35.
About Hamilton Enhanced Canadian Bank ETF
The investment objective of HCAL is to replicate, to the extent reasonably possible and before the deduction of fees and expenses, a multiple of the performance of a rules-based, variable-weight Canadian bank index. HCAL will seek to achieve its investment objective by borrowing cash to invest in and hold a proportionate share of, or a sampling of the constituent securities of, the Solactive Canadian Bank Mean Reversion Index in order to track approximately 1.25x the performance of such Index. As an alternative to, or in conjunction with investing in and holding the constituent securities, HCAL may also invest in other securities, including Other Funds (as defined herein) to obtain exposure to the constituent securities of the Index in a manner that is consistent with HCALs investment objective.
Further Reading
- Five stocks we like better than Hamilton Enhanced Canadian Bank ETF
- Meta Platforms 10% Layoff Raises a Bigger Question About AI Spending
- As Small-Cap Outperformance Continues, These 2 ETFs Provide Exposure
- Silicon Shake-Up: The AI Trade Is Moving Beyond NVIDIA
- The Silver Lining of Last Week’s Hims & Hers Earnings Miss
Receive News & Ratings for Hamilton Enhanced Canadian Bank ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hamilton Enhanced Canadian Bank ETF and related companies with MarketBeat.com's FREE daily email newsletter.
