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NVDH-U

$--
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1d
1w
1m

Analysis and statistics

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About

NVDH-U.TO represents the Horizons USD High Interest Savings ETF. It's a Canadian-listed exchange-traded fund designed to provide investors with a high interest savings account-like return, denominated in U.S. dollars. The ETF invests in high-interest deposit accounts held at Canadian banks, aiming to offer a competitive yield relative to traditional U.S. dollar savings accounts, while also providing liquidity through its exchange listing. As it invests in savings accounts, its value is intended to remain relatively stable.
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Factors

Exchange Rate: Since NVDH-U.TO invests in a US-dollar denominated ETF, fluctuations in the CAD/USD exchange rate directly impact its price. A stronger Canadian dollar will lower the ETF price, and a weaker Canadian dollar will increase it.

Underlying ETF Performance: NVDH-U.TO's price is driven by the performance of its underlying US-dollar denominated ETF. Therefore, factors influencing the underlying ETF's value, such as market sentiment and sector performance, will affect NVDH-U.TO.

Supply and Demand: General supply and demand in the market. High demand drives prices up and high supply drives prices down.

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