(IZRL) ARK Israel Innovative - Ratings and Ratios

The ARK Israel Innovative Technology ETF (BATS:IZRL) is an exchange-traded fund that focuses on capturing the performance of Israeli companies driving innovation in the technology sector. By investing at least 80% of its assets in securities included in its benchmark index, the fund provides exposure to a basket of equity securities and depositary receipts of exchange-listed companies incorporated and/or domiciled in Israel.

The underlying index tracks the performance of Israeli companies, which are known for their significant contributions to the global technology landscape, particularly in areas such as cybersecurity, artificial intelligence, and fintech. The funds non-diversified nature means it may be more susceptible to volatility associated with its constituent securities, but it also allows for a more concentrated bet on the Israeli tech sector.

From a technical analysis perspective, the current price of $24.03 indicates a bullish trend, with the fund trading above its 20-day, 50-day, and 200-day simple moving averages (SMA20: $22.76, SMA50: $22.18, SMA200: $21.51). The Average True Range (ATR) of 0.69, representing a 2.86% daily volatility, suggests moderate price movements. Given the 52-week high of $25.30 and low of $18.08, the fund is currently trading near the upper end of its recent range, indicating potential for consolidation or a pullback.

Considering the Assets Under Management (AUM) of $105.88M USD, the fund has a relatively modest size, which could impact liquidity. However, its listing on BATS and focus on a niche but vibrant sector may attract investors seeking targeted exposure to Israeli tech.

Forecasting the funds performance, we can anticipate that if the Israeli tech sector continues to innovate and drive growth, the fund could see further upside. The current bullish trend, supported by the funds price being above its moving averages, may continue if the sector maintains its momentum. However, the high valuation relative to its 52-week range and moderate volatility suggest that investors should be prepared for potential corrections. A break above the 52-week high of $25.30 could signal further growth, while a drop below the SMA50 could indicate a shift towards a more bearish trend.