(PEX) ProShares Global Listed - Ratings and Ratios

The ProShares Global Listed Private Equity ETF (BATS:PEX) is an investment vehicle that seeks to replicate the performance of the most actively traded listed private equity companies, primarily those pursuing direct private equity investment strategies. By investing in a combination of financial instruments, the fund aims to provide exposure to this niche segment of the market.

The underlying index tracks the performance of listed private equity companies, providing a benchmark for the funds investments. With at least 80% of its assets invested in the components of the index or similar instruments, the fund is heavily aligned with the indexs performance. As a non-diversified fund, PEX is more concentrated in its holdings, which can result in higher volatility.

Analyzing the technical data, we observe that PEX is currently trading at $27.18, slightly above its 20-day simple moving average (SMA) of $27.12, indicating a potential bullish trend. The 50-day SMA is at $26.74, and the 200-day SMA is at $27.06, suggesting a longer-term uptrend. The average true range (ATR) is $0.35, or 1.29%, indicating moderate volatility. Given the current price is near the 200-day SMA and above the 50-day SMA, we can expect a potential continuation of the uptrend, with a target price near the 52-week high of $29.08.

Considering the fundamental data, the Assets Under Management (AUM) for PEX stand at $13.57M USD. While this is a relatively small AUM, it does not necessarily indicate a lack of investor interest. The funds niche focus on listed private equity companies may attract a dedicated investor base. Looking ahead, if the private equity market continues to grow, and listed private equity companies maintain their momentum, PEX could potentially benefit, driving its price higher.

Combining technical and fundamental insights, a forecast for PEX suggests a potential increase towards the 52-week high of $29.08, driven by the continuation of the uptrend and the growth prospects in the private equity market. However, investors should be cautious of the moderate volatility and the potential risks associated with a non-diversified fund.