(ZMMK) BMO Money Market Fund - Ratings and Ratios

The BMO Money Market Fund ETF Series (ZMMK) is designed to generate steady income while maintaining liquidity and capital preservation. It achieves this by focusing on high-quality, short-term Canadian dollar-denominated money market instruments. These include commercial paper, treasury bills, and certificates of deposit, which are typically low-risk and highly liquid assets. The fund is structured to align with the performance of short-term money market rates, making it a conservative investment option for investors seeking stability and easy access to their capital.

With an assets under management (AUM) of $4,199.97M CAD, the fund benefits from economies of scale, allowing for efficient portfolio management and competitive yields. Its average trading volume of 283,800 shares over the past 20 days indicates consistent investor activity, ensuring liquidity for those entering or exiting positions. The funds price stability is reflected in its low Average True Range (ATR) of 0.02, highlighting minimal volatility and a tight bid-ask spread.

From a technical perspective, the funds price action has been stable, with its 20-day, 50-day, and 200-day simple moving averages (SMA) tracking closely at 49.94, 49.85, and 49.30, respectively. This suggests a gradual upward trend, consistent with the low-interest-rate environment. The funds last price of $49.99 indicates slight premium to its shorter-term moving averages, signaling minor upward momentum.