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MUMC-B

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1d
1w
1m

Analysis and statistics

  • Open
    53.7049$
  • Previous Close
    53.7049$
  • 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
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  • Volume
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About

MUMC-B.TO represents the Purpose Bitcoin Yield ETF (CAD Hedged Units). It is a Canadian-listed exchange-traded fund (ETF) that aims to provide investors with exposure to Bitcoin while generating a yield through covered call strategies. The ETF is denominated in Canadian dollars and seeks to hedge against fluctuations between the Canadian and US dollar. The underlying asset is Bitcoin, and the ETF uses a covered call strategy to generate income by selling call options on its Bitcoin holdings. Investors should be aware of the risks associated with Bitcoin and covered call strategies before investing in this ETF.
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Factors

MUMC-B.TO is a Canadian-listed ETF designed to provide inverse exposure to the price of the S&P/TSX 60 Index. Here's what affects its price: Underlying Index Performance: The primary driver. As the S&P/TSX 60 Index declines, MUMC-B.TO's price is designed to increase, and vice-versa. The fund aims to deliver -1x the daily performance. Management Fees & Expenses: The fund's operating costs are subtracted from its returns. Higher fees will reduce the overall return. Trading Volume & Liquidity: Higher trading volume usually means a tighter bid-ask spread, which can affect the price at which you can buy or sell the ETF. Supply and Demand: Like any security, the price of MUMC-B.TO is subject to basic supply and demand. If more people want to buy than sell, the price will increase. Interest Rates: Rising interest rates may indirectly impact the S&P/TSX 60 and thereby influence MUMC-B.TO. Canadian Economic Conditions: Broad economic factors can influence the constituents of the S&P/TSX 60 and therefore affect MUMC-B.TO's price indirectly.

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