Closing Bell: BMO Covered Call US Banks ETF down on Thursday (ZWK)

BMO Covered Call US Banks ETF opened trading today at $22.84 and closed at $22.23. It traded at a low of $22.16 to a high of $22.84.

The price dipped -2.24% from the previous day's close of $22.74.

During the day across North America, the TSX Composite closed -1.68% at 22723.21, the S&P 500 closed 1.58% at 5522.30, the Dow Jones Industrial Average closed 0.24% at 40842.79 and the Nasdaq Composite closed 2.64% at 17599.40.

BMO Covered Call US Banks ETF traded under ZWK on the Toronto Stock Exchange (TSX).

A total of 42,123 shares was traded during the session, with total trades of 128, while having an average volume of 64,384 in the last five days.

The TSX overall saw 907 price advancers against 4,327 declines and 72 unchanged.

During the prior 52 weeks, ZWK.TO has traded as high as $23.19 (July 29,2024) and low as $15.60 (October 27,2023). Moreover, in the last 52 weeks, BMO Covered Call US Banks ETF's shares have boosted 17.68 percent, while in 2024, they have boosted 17.19%.

Following today's trading, BMO Covered Call US Banks ETF has a market capitalization of $0.00 on a float of 0 shares outstanding. Its annual EPS is $None.

BMO Covered Call US Banks ETF is a None company headquartered in, None.

The BMO Covered Call U.S. Banks ETF has been designed to provide exposure to a portfolio of U.S. banks while earning call option premiums. The Fund invests in securities of U.S. banks in addition to writing covered call options. The call options are written out of the money and selected based on analyzing the option's implied volatility. The option premium provides some downside protection. The underlying portfolio is re-balanced and reconstituted semi-annually in June and December, and options are rolled forward upon expiry..

BMO Covered Call US Banks ETF is holding an average recommendation of "Strong Sell" from 0.00 analysts according to Zacks. Currently, there are for the stock.

AI at The Globe and Mail
This report is produced using automated technology that summarizes market data into articles for our readers. Ongoing project experiments that leverage artificial intelligence include valuation screens across 14 categories and end-of-day Closing Summary reports for all North American securities..