(ZQQ) BMO NASDAQ 100 Equity (CAD - Ratings and Ratios

The BMO Nasdaq 100 Equity Hedged to CAD Index ETF (ZQQ) is a Canadian exchange-traded fund designed to replicate the performance of the NASDAQ-100 Index, with U.S. dollar exposure hedged back to the Canadian dollar. The fund achieves this by investing in and holding the constituent securities of the NASDAQ-100 Index in the same proportions as they appear in the index. This approach ensures that Canadian investors gain exposure to the NASDAQ-100s growth potential while mitigating currency risk associated with U.S. dollar investments. The funds net performance is adjusted for expenses, providing a cost-effective way to access the NASDAQ-100s returns in CAD terms.

As of the latest data, the fund has an average volume of 63,404 shares over the past 20 days, with a last price of 135.48. Its short-term and medium-term moving averages (SMA 20: 129.20, SMA 50: 136.33) suggest a recent uptrend, while the SMA 200 (140.71) indicates longer-term stability. The Average True Range (ATR) of 4.35 reflects moderate volatility. With assets under management (AUM) of 2006.05M CAD, the fund maintains significant liquidity and investor confidence. For more information, visit http://www.bmo.com/gam/ca.

3-Month Forecast: Based on the provided data, the BMO Nasdaq 100 Equity Hedged to CAD Index ETF (ZQQ) is expected to maintain its stability with potential volatility. The SMA 20 crossing below the SMA 50 indicates short-term weakness, while the SMA 50 remaining above the SMA 200 suggests long-term strength. The ATR of 4.35 signals moderate price fluctuations. The funds AUM of 2006.05M CAD underscores its appeal to investors seeking exposure to the NASDAQ-100 with currency hedging. Over the next three months, ZQQ is likely to track the NASDAQ-100s performance closely, with potential support near the SMA 200 level of 140.71. Investors should monitor broader market conditions and currency exchange rates, as these factors could influence the funds returns.