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QQQX-U

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1d
1w
1m

Analysis and statistics

  • Open
    25.1891$
  • Previous Close
    25.1174$
  • 52 Week Change
    --
  • Day Range
    0.07$
  • 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

QQQX-U.TO is the ticker symbol for the Horizons NASDAQ-100 Index ETF CAD Hedged Units. This ETF seeks to replicate, to the extent possible, the performance of the NASDAQ-100 Index, net of expenses, while mitigating exposure to currency fluctuations between the Canadian dollar and the U.S. dollar. It provides Canadian investors with exposure to the 100 largest non-financial companies listed on the NASDAQ stock market, hedged back to Canadian dollars to reduce the impact of exchange rate movements. The "U" in the ticker symbol usually indicates that it's an unhedged version of another similar fund, however, in this case it signifies that this specific ticker is the CAD-hedged version.

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Factors

Index Performance: QQQX-U.TO tracks the NASDAQ 100. Its price closely reflects the overall performance of the index. Strong index performance generally leads to higher QQQX-U.TO prices.

Currency Fluctuations: As QQQX-U.TO is denominated in Canadian dollars but holds US assets, CAD/USD exchange rate shifts impact its price. A weaker CAD boosts the price, a stronger CAD lowers it.

Supply and Demand: Basic market forces affect the ETF's price. High demand pushes prices up, while increased selling pressure can lower them.

Investor Sentiment: General market optimism or pessimism greatly influences buying and selling decisions, driving price fluctuations in QQQX-U.TO.

Interest Rates: Changes in interest rates, particularly in the US, can affect valuations of growth stocks within the NASDAQ 100, indirectly impacting QQQX-U.TO's price.

Economic Data: Major economic releases (GDP, inflation, employment) impacting growth stock sentiment can drive price movement in QQQX-U.TO.

News Events: Company-specific news for major NASDAQ 100 constituents as well as global events can also affect the ETF price.

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