(BGLD) FT Cboe Vest Gold Tactical - Ratings and Ratios

The FT Cboe Vest Gold Tactical Buffer ETF (BGLD) is an investment vehicle that employs a tactical strategy to provide exposure to gold while mitigating potential losses. Under normal market conditions, it allocates its assets to U.S. Treasury securities, cash, and cash equivalents, as well as shares of a subsidiary that holds FLexible EXchange Options (FLEX Options) referencing the SPDR Gold Trusts price performance.

The funds non-diversified nature implies that it may be more susceptible to significant price movements due to its concentrated investment approach. By utilizing FLEX Options, BGLD aims to provide a buffer against potential losses, while still allowing for participation in the upside potential of gold prices.

Analyzing the funds recent performance, we observe a relatively stable price action, with the last price at $21.35, slightly above its 20-day Simple Moving Average (SMA) of $21.31. The 50-day SMA stands at $20.97, indicating a short-term uptrend. The 200-day SMA at $19.09 suggests a longer-term bullish trend. Given the current Average True Range (ATR) of 0.22, representing a 1.03% daily volatility, we can expect the price to remain relatively stable in the near term.

Considering the current technical and fundamental data, our forecast suggests that BGLD may continue its upward trajectory, potentially reaching the 52-week high of $21.42 in the near term. The funds Assets Under Management (AUM) of $64.80M USD indicate a relatively small but stable investor base. As gold prices continue to be influenced by market volatility and economic uncertainty, BGLDs tactical buffer strategy may provide an attractive option for investors seeking to balance risk and potential returns.

Based on the technical indicators and fundamental data, we anticipate that BGLD will remain a viable investment option for those seeking exposure to gold with a built-in buffer against potential losses. As the fund continues to navigate the complexities of the gold market, its tactical strategy and non-diversified approach will likely remain key factors in its performance.