(ZWC) BMO Canadian High Dividend - Ratings and Ratios

BMO Canadian High Dividend Covered Call ETF (Ticker: ZWC) is a Canadian exchange-traded fund designed to generate income through high-dividend Canadian equities and covered call options. The fund trades on the Toronto Stock Exchange (TO) and is categorized under Canadian Dividend and Income Equity ETFs. It is managed by BMO Global Asset Management, with a focus on stability and income generation.

From a technical perspective, ZWC currently trades at $17.76, with a 20-day average volume of 73,050 shares. The funds short-term trend, as indicated by its 20-day SMA ($17.33), suggests recent upward momentum, while its 50-day SMA ($17.58) and 200-day SMA ($17.43) reflect a stable price pattern. The Average True Range (ATR) of 0.28 indicates moderate volatility.

Fundamentally, ZWC manages assets under management (AUM) of $1,625.86 million CAD, reflecting strong investor demand for income-focused strategies. The funds investment approach centers on high-dividend Canadian stocks, with an overlay of covered call options to enhance yield and reduce volatility.

3-month forecast: Based on and , ZWC is expected to trade within a narrow range of $17.20 to $18.30, supported by its 200-day SMA and stable ATR. The funds income focus aligns with current market conditions, where dividend-paying stocks are in demand. The covered call strategy is likely to maintain its appeal, as it provides a hedge against modest market declines while generating consistent income.