Horizons Enhanced Canadian Oil and Gas Equity Covered Call ETF (TSX: ENCL)
Canada
· Delayed Price · Currency is CAD 20.92
+0.11 (0.53%)
May 17, 2024, 3:55 PM EDT
-4.91% (1Y)
| Assets | 86.43M |
| Expense Ratio | 2.82% |
| PE Ratio | n/a |
| Dividend (ttm) | 2.03 |
| Dividend Yield | 9.70% |
| Ex-Dividend Date | Apr 29, 2024 |
| Payout Frequency | Monthly |
| Payout Ratio | n/a |
| 1-Year Return | n/a |
| Volume | 48,614 |
| Open | 20.80 |
| Previous Close | 20.81 |
| Day's Range | 20.75 - 20.95 |
| 52-Week Low | 17.79 |
| 52-Week High | 22.00 |
| Beta | -0.49 |
| Holdings | n/a |
| Inception Date | Oct 11, 2023 |
About ENCL
The fund aims to provide leveraged and covered call exposure to an equally weighted index of broad crude oil and natural gas companies. To obtain exposure to the underlying index, ENCL either directly holds constituent securities of the index or invests in shares of related ETFs. The fund employs approximately 125% leverage through cash borrowing. ENCL also uses a covered call strategy, typically writing exchange-traded or over-the-counter index calls on up to 50% of the portfolio value. Although it provides hedging protection and generates premiums, the use of a covered call strategy may cap the fund's potential gains. Additionally, the fund may hold cash equivalents or money market instruments to meet its obligations.
Asset Class Equity
Category Energy
Stock Exchange TSX
Ticker Symbol ENCL
Provider Horizons
Index Tracked Solactive Equal Weight Canada Oil & Gas Index - CAD
Dividend History
| Ex-Dividend | Amount |
|---|---|
| Apr 29, 2024 | 0.290 CAD |
| Mar 27, 2024 | 0.290 CAD |
| Feb 28, 2024 | 0.290 CAD |
| Jan 30, 2024 | 0.290 CAD |
| Dec 28, 2023 | 0.290 CAD |
| Nov 29, 2023 | 0.290 CAD |