(QSPT) First Trust Exchange-Traded - Ratings and Ratios

The First Trust Exchange-Traded Fund VIII - FT Cboe Vest Nasdaq-100 Buffer ETF - September (QSPT) is a defined outcome ETF that employs a hedging strategy to mitigate potential losses. By investing in FLexible EXchange Options (FLEX Options) tied to the Invesco QQQ Trust, the fund aims to provide a buffer against downside risk while still allowing for potential upside gains.

The use of FLEX Options enables the fund to customize key contract terms, such as exercise prices, styles, and expiration dates, providing a tailored approach to managing risk. As a non-diversified fund, QSPTs investment strategy is concentrated on a specific underlying asset, the Invesco QQQ Trust, which tracks the Nasdaq-100 Index. This focus on a specific segment of the market can result in higher volatility, but also allows for more targeted risk management.

Analyzing the technical data, we observe that QSPTs last price is $27.21, with a 20-day SMA of $26.41 and a 50-day SMA of $26.53, indicating a recent uptrend. The 200-day SMA is $27.01, suggesting that the fund is currently trading near its long-term average. The ATR of 0.53 (1.96%) indicates moderate volatility. Given the current trend and volatility, we can forecast that QSPT may continue to trade within a narrow range, potentially between $26.50 and $28.00, in the short term.

Considering the fundamental data, QSPTs AUM of $376.92M USD indicates a moderate level of investor interest. As the funds assets under management continue to grow, it may be able to benefit from economies of scale, potentially leading to improved performance. Based on the technical and fundamental analysis, our forecast is that QSPT may experience a slight increase in price, potentially reaching $28.50 by the end of the next quarter, assuming the underlying Nasdaq-100 Index remains stable or experiences moderate growth.