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PR

$--
--%
1d
1w
1m

Analysis and statistics

  • Open
    10.2853$
  • Previous Close
    10.2271$
  • 52 Week Change
    --
  • Day Range
    0.06$
  • 52 Week High/Low
    --
  • Dividend Per Share
    --
  • Market cap
    --$
  • EPS
    --
  • Beta
    --
  • Volume
    --

About

PR.TO is the ticker symbol for the Purpose High Interest Savings ETF, a Canadian exchange-traded fund (ETF) managed by Purpose Investments Inc. It is designed to provide investors with a high interest yield while maintaining capital preservation by investing primarily in high-interest deposit accounts with Canadian banks and trust companies. The ETF aims to offer a liquid and accessible alternative to traditional high-interest savings accounts.
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Factors

Underlying Asset Performance: PR.TO's price largely reflects the performance of the preferred shares it holds. Higher preferred share values raise the ETF price.

Interest Rate Environment: Rising interest rates typically decrease preferred share values, thus lowering PR.TO's price, and vice-versa.

Credit Risk: Perceived creditworthiness of issuers of preferred shares impacts PR.TO. Downgrades can depress the ETF's price.

Supply and Demand: Market dynamics play a role. High demand for PR.TO can drive up its price relative to its net asset value.

Management Fees and Expenses: The ETF's operating costs reduce returns, indirectly affecting the price over time compared to its benchmark.

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