(ZNQ) BMO NASDAQ 100 Equity Index - Ratings and Ratios

The BMO NASDAQ 100 Equity Index ETF (ZNQ) aims to replicate the performance of the NASDAQ-100 Index, which is heavily weighted toward large-cap technology and growth companies. The fund achieves this by investing in a combination of U.S. equities listed on the NASDAQ-100 Index, exchange-traded funds (ETFs) that track the index, and derivatives tied to the ETF or its underlying index. This flexible approach allows the fund to maintain close correlation with the index while managing risk and operational efficiency. The ETF is designed for Canadian investors seeking exposure to the U.S. technology sector without directly holding individual U.S. stocks.

From a technical perspective, ZNQ is trading above its 20-day and 50-day simple moving averages (SMA) but below its 200-day SMA, suggesting mixed momentum signals. The average true range (ATR) of 2.88 indicates moderate volatility. Fundamental analysis highlights the funds assets under management (AUM) at 943.20M CAD, reflecting its popularity among Canadian investors. Based on these metrics, ZNQ is expected to remain a stable option for investors seeking exposure to the NASDAQ-100 Index, with potential for growth aligned with the performance of U.S. tech equities.