iShares Core Canadian Universe Bond Index ETF (TSE:XBB) Reaches New 52-Week Low – Should You Sell?

iShares Core Canadian Universe Bond Index ETF (TSE:XBB) shares reached a new 52-week low during trading on Monday . The stock traded as low as C$27.58 and last traded at C$27.58, with a volume of 42055 shares traded. The stock had previously closed at C$27.61.

iShares Core Canadian Universe Bond Index ETF Stock Down 0.0%

The stock has a 50 day simple moving average of C$27.90 and a two-hundred day simple moving average of C$28.04.

About iShares Core Canadian Universe Bond Index ETF

The investment objective of the Fund is to provide income by replicating, to the extent possible, the performance of the FTSE Canada Universe Bond Index the Index, net of expenses. To achieve its investment objective the fund uses an indexing strategy to achieve its investment objective. Under this strategy, the Fund seeks to replicate the performance of the Index, net of expenses, by employing, directly or indirectly, through investment in one or more exchange-traded funds managed by BlackRock Canada or an affiliate and or through the use of derivatives, a replicating strategy or sampling strategy.