Key Takeaways
- • NBI Liquid Alternatives ETF (NALT) declined 0.60% on the trading day, closing at $23.30 CAD after opening at $23.37, with intraday range of $23.28–$23.37 on the Toronto Stock Exchange.
- • Trading volume was light at 2,138 shares across 18 total trades, compared to a 5-day average volume of 3,055 shares, indicating subdued institutional interest.
- • Over the prior 52-week period, NALT traded between a high of $24.65 (May 21, 2024) and a low of $22.72 (December 22, 2023), representing a 12-month decline of 2.92% but a year-to-date gain of 0.30%.
- • The fund maintains a net asset value (NAV) of approximately $23.09 CAD with a stated expense ratio and 5.48% yield, managed by National Bank Investments Inc. on the TSX.
- • Broader North American equity markets were mixed during the session, with the TSX Composite declining 0.76%, the S&P 500 down 0.25%, and the NASDAQ down 0.52%, reflecting modest sell-off pressure across regions.
Summary
NBI Liquid Alternatives ETF (NALT.TO) posted a marginal decline on Tuesday's session, closing at $23.30 CAD following an opening price of $23.37 and an intraday range bounded by $23.28 and $23.37. The 0.60% daily loss represented a pullback from the previous close of $23.44, consistent with broader equity market weakness across North America during the period.
Trading activity remained subdued, with only 2,138 shares exchanged across 18 trades—substantially below the 5-day moving average volume of 3,055 shares. This reduced volume suggests limited institutional trading activity or investor appetite for the fund on this particular session. The fund's net asset value stood at approximately $23.09 CAD, with the fund offering a 5.48% yield to investors seeking exposure to alternative strategies with lower correlation to traditional equity and fixed-income markets.
Over a 52-week lookback period, NALT exhibited modest volatility, trading between a high of $24.65 (recorded May 21, 2024) and a low of $22.72 (December 22, 2023). This range reflects the fund's positioning as a defensive alternative vehicle. Performance metrics show the fund declined 2.92% over the trailing 12 months while advancing 0.30% year-to-date, indicating relative stability in a volatile macro environment. The fund is listed on the Toronto Stock Exchange and managed by National Bank Investments Inc., targeting investors seeking positive returns with reduced sensitivity to traditional market movements.
Regional equity indices closed mixed, with the TSX Composite declining 0.76% to 22,824.67, the S&P 500 down 0.25% to 5,463.54, and the NASDAQ declining 0.52% to 17,370.20. The Dow Jones Industrial Average was essentially flat at a 0.02% decline. Commodity markets also softened, with oil declining 0.16%, gold retreating 2.88%, and the Canadian dollar weakening 0.35%. Energy sector weakness was evident, with Canadian Natural Resources (CNQ) falling 1.29% and Suncor (SU) declining 1.09%, while Enbridge (ENB) gained 0.69%.
Trading activity remained subdued, with only 2,138 shares exchanged across 18 trades—substantially below the 5-day moving average volume of 3,055 shares. This reduced volume suggests limited institutional trading activity or investor appetite for the fund on this particular session. The fund's net asset value stood at approximately $23.09 CAD, with the fund offering a 5.48% yield to investors seeking exposure to alternative strategies with lower correlation to traditional equity and fixed-income markets.
Over a 52-week lookback period, NALT exhibited modest volatility, trading between a high of $24.65 (recorded May 21, 2024) and a low of $22.72 (December 22, 2023). This range reflects the fund's positioning as a defensive alternative vehicle. Performance metrics show the fund declined 2.92% over the trailing 12 months while advancing 0.30% year-to-date, indicating relative stability in a volatile macro environment. The fund is listed on the Toronto Stock Exchange and managed by National Bank Investments Inc., targeting investors seeking positive returns with reduced sensitivity to traditional market movements.
Regional equity indices closed mixed, with the TSX Composite declining 0.76% to 22,824.67, the S&P 500 down 0.25% to 5,463.54, and the NASDAQ declining 0.52% to 17,370.20. The Dow Jones Industrial Average was essentially flat at a 0.02% decline. Commodity markets also softened, with oil declining 0.16%, gold retreating 2.88%, and the Canadian dollar weakening 0.35%. Energy sector weakness was evident, with Canadian Natural Resources (CNQ) falling 1.29% and Suncor (SU) declining 1.09%, while Enbridge (ENB) gained 0.69%.
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