Harvest Equal Weight Global Utilities Enhanced Income ETF - Class A Units (TSE:HUTE) Shares Up 0.4% - Time to Buy?

Key Points

• Harvest Equal Weight Global Utilities Enhanced Income ETF (TSE:HUTE) saw its shares increase by 0.4%, trading at C$11.13 during mid-day on Wednesday.
• The ETF aims to provide high monthly cash distributions along with potential for capital appreciation, primarily through investments in the Harvest Equal Weight Global Utilities Income ETF.
• Trading volume dropped significantly, with only 8,400 shares exchanged compared to an average of 17,027 shares, indicating a potential slowdown in investor interest.

Harvest Equal Weight Global Utilities Enhanced Income ETF - Class A Units (TSE:HUTE - ) shares shot up 0.4% during mid-day trading on Wednesday . The company traded as high as C$11.14 and last traded at C$11.13. 8,400 shares traded hands during trading, a decline of 51% from the average session volume of 17,027 shares. The stock had previously closed at C$11.09.

Harvest Equal Weight Global Utilities Enhanced Income ETF - Class A Units Stock Performance

The business's 50 day moving average price is C$11.11 and its 200-day moving average price is C$10.92.

About Harvest Equal Weight Global Utilities Enhanced Income ETF - Class A Units

The ETF seeks to provide holders of Class A Units with high monthly cash distributions and the opportunity for capital appreciation. Fund investing, on a levered basis, in the Harvest Equal Weight Global Utilities Income ETF TSX: HUTL (HUTL), an exchange traded mutual fund managed by the Manager.

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