(AUGZ) TrueShares Structured - Ratings and Ratios

The TrueShares Structured Outcome (August) ETF (BATS:AUGZ) is an actively managed exchange-traded fund that employs a unique options-based strategy to achieve its investment objective. By investing substantially all of its assets in options on the S&P 500 Price Index, the fund aims to capitalize on the performance of the underlying index.

The funds investment strategy involves purchasing call options and selling put options on the S&P 500 Price Index or an ETF that tracks the indexs performance on each Initial Investment Day, with an expiration date on the next Roll Date. This approach allows the fund to potentially benefit from the upside of the S&P 500 while managing downside risk.

Given the current market conditions and the funds strategy, we can analyze the technical data to forecast potential price movements. The funds last price is $38.63, with a 20-day simple moving average (SMA) of $38.09, indicating a potential bullish trend. The 50-day SMA is $37.26, and the 200-day SMA is $38.14, suggesting a longer-term uptrend. The average true range (ATR) is 0.43, or 1.12%, indicating moderate volatility.

Using the technical and fundamental data, we can forecast that the funds price may continue to rise in the short term, potentially reaching the 52-week high of $40.02. However, the funds assets under management (AUM) are relatively small at $19.30M USD, which may impact its liquidity and ability to maintain its investment strategy. As the S&P 500 continues to fluctuate, the funds options-based strategy will likely be put to the test, and its performance will be closely tied to the underlying indexs movement.

Based on the analysis, a potential forecast for the funds price is a continued upward trend, with a potential target price of $39.50 in the next few weeks, assuming the S&P 500 continues to perform well. However, if the underlying index experiences a significant downturn, the funds options strategy may help mitigate losses, but the put options sold by the fund may still result in losses if the index falls below the strike price.