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CMEY-U

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1d
1w
1m

Analysis and statistics

  • Open
    20.2188$
  • Previous Close
    20.2188$
  • 52 Week Change
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  • Day Range
    0.00$
  • 52 Week High/Low
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  • Dividend Per Share
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  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
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About

CMEY-U.TO is the Horizons US Large Cap Equity Covered Call ETF (USD Units). It's an exchange-traded fund listed on the Toronto Stock Exchange (TSX) that invests primarily in a portfolio of U.S. large-cap equity securities and writes covered call options on a portion of that portfolio. The "U" in the symbol indicates that the ETF trades in U.S. dollars. The covered call strategy is designed to generate income in addition to potential capital appreciation, but it may also limit the ETF's upside potential if the underlying stocks rise significantly in value.
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Factors

Chinese Yuan Value: CMEY-U.TO holds Chinese Yuan. A stronger Yuan boosts its price; a weaker Yuan decreases it.

Interest Rates: Chinese interest rate changes influence the Yuan and investor sentiment, impacting CMEY-U.TO's appeal.

Market Demand: Higher demand for exposure to the Chinese Yuan increases CMEY-U.TO's price, lower demand decreases it.

Geopolitical Risk: Uncertainty regarding China's economy or policies can affect investor confidence and CMEY-U.TO value.

Global Economy: Worldwide economic conditions can indirectly influence CMEY-U.TO via their impact on China's economy.

ETF Supply: The creation and redemption of ETF units can influence supply, potentially impacting market price.

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