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Global X Equal Weight Can Bank Covered Call ETF T.BKCC



TSX:BKCC - Post by User

Comment by FEEDBACK20on Oct 28, 2011 2:54am
603 Views
Post# 19188911

RE: why

RE: why Stocks/ETF's move independent of each other.  Some stocks lag behind while others move independent of market sector news/events.  Today ZWB rose 2.37% while HEF only 1.72%,  tomorrow maybe HEF will catch up or not. 
   As the chart below shows these stocks over time mirror each other.  ZWB has a  40.5 million shares outstanding and a market cap of >$577 million, HEF only 3.4 million shares and a market cap of 29.84 million
    I would bet that the n.a.v.'s of ZWB and HEF moved n.sync much closer then the share price does.  
 All I am saying is that you can not judge one over the other based on a few days trading.  Once more investors become aware of HEF and the other Horizon Alpha funds then I would be looking to see the price gap between HEF & ZWB move closer.  When this happens the yields will come down as the price appreciates to a fair market value. As always JMHO
  




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