(ZUB) BMO Equal Weight US Banks - Ratings and Ratios

The BMO Equal Weight US Banks Hedged to CAD Index ETF (TO:ZUR) is an exchange-traded fund designed to replicate the performance of the Solactive Equal Weight US Bank Index, hedged to Canadian dollars. The fund invests in the constituent securities of the index in the same proportion as they are reflected in the index. This approach ensures that each bank in the portfolio has an equal weighting, reducing concentration risk. The fund also hedges its U.S. dollar exposure back to Canadian dollars, mitigating currency risk for Canadian investors. The ETF provides exposure to major U.S. banks, offering diversification across the financial sector. URL: http://www.bmo.com/gotasca. Index: Morningstar Gbl Fin Svc GR CAD.

Ticker Symbol: ZUR (TO), Type: ETF, Country Origin: Canada, ETF Category: Financial Services Equity. The fund has an average volume of 122,799 shares over 20 days, with a last price of $32.82. The SMA 20 is $33.98, SMA 50 is $33.42, and SMA 200 is $30.45. The ATR is 0.56. The fund has an AUM of $376.11M CAD.

3-Month Forecast: Based on the technical and fundamental data, the ETF is expected to experience moderate volatility with a potential downtrend in the short term. The SMA 20 and SMA 50 are above the last price, indicating bearish momentum. However, the ATR of 0.56 suggests manageable volatility. Fundamentally, the AUM of $376.11M CAD indicates strong investor confidence. The combination of these factors suggests that the ETF may trade sideways to slightly downward in the next three months.