(GTR) WisdomTree Target Range - Ratings and Ratios

The WisdomTree Target Range Fund (GTR) is an actively managed ETF that employs a unique investment strategy centered around the TOPS Global Equity Target Range Index methodology. Despite following an index, the funds active management allows for flexibility in its investment approach.

The funds asset allocation is characterized by a significant allocation to cash collateral, with approximately 80-85% of its assets expected to be invested in this component annually in January. This substantial allocation to cash collateral is a key aspect of the funds strategy, potentially indicating a hedging or income generation focus.

As a non-diversified ETF, GTR may concentrate its investments in a smaller number of securities, which can result in higher volatility compared to diversified funds. This characteristic demands a closer examination of the funds holdings and strategy to understand its risk profile.

Analyzing the technical data, the funds price is currently at $24.09, with short-term and long-term moving averages indicating a slightly bullish trend (SMA20: $23.40, SMA50: $23.11). The Average True Range (ATR) of 0.24 suggests a relatively low volatility, with a daily price movement of approximately 0.98%. Considering the 52-week high and low ($24.78 and $21.59, respectively), the fund is currently trading near its 52-week high, indicating a strong recent performance.

Combining technical and fundamental data, we can forecast that GTR may continue its upward trend if it maintains its current momentum and the overall market conditions remain favorable. The relatively low volatility and strong recent performance could attract investors seeking a hedging or income generation strategy. However, the non-diversified nature of the fund and its significant allocation to cash collateral should be closely monitored to assess potential risks. With an AUM of $53.16M USD, the fund has a relatively small asset base, which could impact its liquidity and ability to scale its investment strategy.

Based on the available data, a potential forecast for GTR could be a continued upward movement towards the $25.00 level, representing a 3.8% increase from its current price. However, this forecast is contingent upon the funds ability to maintain its current momentum and navigate potential market challenges.