Horizons Intl Developed Markets Equity Index ETF (TSE:HXDM) Sets New 52-Week High – Still a Buy?

Horizons Intl Developed Markets Equity Index ETF (TSE:HXDM) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$52.56 and last traded at C$52.56, with a volume of 5336 shares trading hands. The stock had previously closed at C$52.41.

Horizons Intl Developed Markets Equity Index ETF Stock Performance

The firm’s 50 day moving average is C$50.22 and its 200-day moving average is C$48.55.

Horizons Intl Developed Markets Equity Index ETF Company Profile

In order to achieve their investment objectives and obtain direct or indirect exposure to securities of their Underlying Indexs Constituent Issuers, the Index ETFs may invest in and hold the securities of Constituent Issuers in substantially the same proportion as they are reflected in the applicable Underlying Index, or may invest in and hold index participation units of exchange traded funds or use derivatives, including but not limited to swap agreements, futures contracts, options on futures contracts, forward contracts, options on securities and indices, money market instruments, reverse repurchase agreements or a combination of the foregoing, that are based on the applicable Underlying Index, provided that the use of such derivative instruments is in compliance with NI 81-102 and is consistent with the investment objective of that Index…