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CLU-C

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--%
1d
1w
1m

Analysis and statistics

  • Open
    77.238$
  • Previous Close
    76.6331$
  • 52 Week Change
    --
  • Day Range
    0.60$
  • 52 Week High/Low
    --
  • Dividend Per Share
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  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
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About

CLU-C.NEO refers to the Purpose US Preferred Share Fund (CAD Hedged). It's a Canadian-listed exchange-traded fund that seeks to replicate the performance of an index consisting of U.S. dollar denominated preferred shares, hedged back to Canadian dollars. The fund's objective is to provide investors with a consistent stream of income and capital appreciation by investing in a diversified portfolio of preferred shares.
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Factors

Underlying Assets: CLU-C.NEO's price is directly affected by the value of its underlying crypto assets, primarily Bitcoin and Ether.

Supply and Demand: Market demand for CLU-C.NEO relative to its supply impacts its price. Higher demand generally leads to price increases, while greater supply can cause price decreases.

Bitcoin & Ether Price: Fluctuations in the prices of Bitcoin and Ether, the main components, significantly influence CLU-C.NEO's price.

Market Sentiment: Overall investor sentiment towards cryptocurrencies and digital assets affects CLU-C.NEO's price. Positive sentiment can drive prices up, and negative sentiment can depress them.

Regulatory Changes: Regulatory developments related to cryptocurrencies can impact the ETF's price, as they can affect the perceived risk and attractiveness of the underlying assets.

Management Fees: The fees charged by the ETF's manager influence the overall return to investors, indirectly affecting its price.

Liquidity: Higher trading volume and liquidity can lead to more stable and efficient price discovery for CLU-C.NEO.

Competitive Landscape: The availability of alternative crypto investment products affects the demand for and, consequently, the price of CLU-C.NEO.

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