(FPAS) FPA Short Duration - Ratings and Ratios

The FPA Short Duration Government ETF (BATS:FPAS) is designed to provide exposure to short-duration U.S. government securities, focusing on debt instruments issued or guaranteed by the U.S. government and its agencies. While the fund adheres to a policy of investing at least 80% of its assets in such securities under normal market conditions, its investment adviser, First Pacific Advisors, LP, typically allocates at least 90% of the funds assets to these securities. This approach emphasizes stability and reduced exposure to interest rate fluctuations, making it suitable for investors seeking low-risk government-backed income opportunities.

Based on the provided data, the fund currently trades at $25.10, with a 20-day moving average of $25.09 and an average true range (ATR) of 0.07, indicating low volatility. The funds assets under management (AUM) stand at $1.25 million, reflecting its niche position in the market. Over the next three months, the fund is expected to maintain its price stability, with potential fluctuations bounded by the narrow ATR. The 20-day and 50-day moving averages suggest a sideways trend, while the 200-day moving average of $24.70 indicates long-term stability. Forecasting further, the funds price is likely to remain within a tight range of $25.03 to $25.17, supported by its focus on short-duration government securities.