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USSX-U

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1d
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Analysis and statistics

  • Open
    24.3512$
  • Previous Close
    24.3512$
  • 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

The financial product symbol USSX-U.TO refers to the Horizons USD Cash Maximizer ETF, traded on the Toronto Stock Exchange (TSX). This ETF aims to maximize returns on U.S. dollar cash by investing primarily in high-interest U.S. dollar deposit accounts at Canadian banks. It provides a convenient way for investors to hold U.S. dollars and earn interest without the need for a U.S. brokerage account.
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Factors

Currency Fluctuations: USD/CAD exchange rate impacts the CAD value of US-denominated assets.

US Equity Market Performance: Tracks US large-cap stocks, price mirrors S&P 500's movements.

Investor Demand: Higher demand can increase price, and vice versa due to supply/demand dynamics.

ETF Management Fees: Fees reduce overall returns, impacting the ETF's long-term price.

Dividend Distributions: Dividends from underlying stocks influence ETF's total return and price.

Interest Rates: Changes in interest rates can affect stock valuations and ETF prices.

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