(MYLD) Cambria Micro Smallcap - Ratings and Ratios

The Cambria Micro and Smallcap Shareholder Yield ETF (BATS:MYLD) is an actively managed exchange-traded fund designed to focus on U.S. micro and small-capitalization companies. The fund seeks to achieve its investment objective by primarily investing in equity securities of these companies, emphasizing those with high shareholder yield. This approach typically includes dividends, buybacks, and debt paydown, aiming to provide a comprehensive measure of shareholder return. The funds strategy is guided by a model-based approach, which helps in identifying companies that consistently return capital to shareholders. Under normal market conditions, the fund invests at least 80% of its net assets in such securities, ensuring a targeted exposure to the micro and small-cap segment of the U.S. market.

From a technical standpoint, the funds price action suggests a recent decline below its key moving averages. The last price of $24.20 is below the 20-day SMA of $25.28, indicating near-term weakness. The 50-day SMA at $25.85 and the 200-day SMA at $26.23 further confirm the downward trend. The Average True Range (ATR) of 0.28 reflects relatively low volatility, suggesting that price movements are likely to remain constrained in the near term. The average volume of 37,423 shares over the past 20 days indicates moderate trading activity, which may impact liquidity during large market moves.

Fundamentally, the ETF has assets under management (AUM) of $28.33 million, which is relatively small compared to other ETFs. This smaller size may result in higher sensitivity to market movements and potentially less liquidity, which could impact trading efficiency. However, it also allows for a more nimble investment strategy, enabling the fund to capitalize on opportunities in the micro and small-cap space more effectively.

3-Month Forecast: Based on the current technical and fundamental data, the fund is expected to face headwinds in the near term. The price is below its key moving averages, and the low ATR suggests limited upside potential. The small AUM may exacerbate volatility, leading to potential underperformance relative to broader market indices. Investors should monitor the funds ability to navigate the challenging micro and small-cap environment, as well as its strategy to maintain shareholder yield in a rising interest rate environment.