(GLOV) Goldman Sachs ActiveBeta(R) - Ratings and Ratios

The Goldman Sachs ActiveBeta World Low Vol Plus Equity ETF (GLOV) is designed to provide investors with exposure to a diversified portfolio of large- and mid-capitalization equities from developed markets, including the US. By investing at least 80% of its assets in securities that are part of its underlying index, the fund aims to replicate the performance of its benchmark.

The underlying index is constructed to capture the performance of low-volatility equity securities, which are typically less sensitive to market fluctuations. This makes GLOV an attractive option for investors seeking to manage risk while still maintaining exposure to global equities. With a significant asset base of $1.29 billion, GLOV has established itself as a sizable player in the Global Large-Stock Blend ETF category.

From a technical analysis perspective, GLOVs price action suggests a potential bullish trend. The funds last price is $53.87, marginally below its 20-day simple moving average (SMA) of $53.91. However, it is above both its 50-day SMA ($52.19) and 200-day SMA ($50.96), indicating a longer-term uptrend. The average true range (ATR) of 0.48, or 0.88%, suggests relatively moderate volatility.

Combining technical and fundamental insights, a forecast for GLOV can be derived. Given its current price is near the 52-week high of $54.37 and above key moving averages, we can anticipate a potential continuation of the uptrend, albeit with a cautious approach due to the proximity to the 52-week high. If the fund maintains its position above the 50-day SMA and AUM continues to grow, it could potentially reach $55.50 in the short term, representing a 3% increase from current levels.