(MDST) Ultimus Managers Trust - Ratings and Ratios

The Ultimus Managers Trust (NYSE:MDST) is an actively managed exchange-traded fund (ETF) designed to focus on the midstream sector of the North American energy market. Under normal circumstances, the fund allocates at least 80% of its net assets (plus borrowings for investment purposes) to securities of midstream corporations and master limited partnerships (MLPs) operating in the U.S. and North America. As a non-diversified fund, it may concentrate its investments in a limited number of securities, which can increase risk but also potentially enhance returns. Midstream companies typically engage in the transportation, storage, and processing of energy products, providing critical infrastructure for the energy supply chain. MLPs, a key component of the funds portfolio, are pass-through entities that often offer attractive yields due to their tax-efficient structure.

Over the next three months, MDST is expected to experience moderate volatility, with price movements influenced by technical and fundamental factors. Based on the technical data, the funds short-term outlook appears neutral to slightly bearish, as the last price of 26.89 is below the SMA 20 (27.31) and SMA 50 (27.26), but above the SMA 200 (25.30), indicating mixed signals. The ATR of 0.46 suggests moderate price fluctuations. From a fundamental perspective, the energy midstream sector may face headwinds from evolving energy policies and commodity price dynamics, but the funds AUM of $83.38M suggests a relatively stable investor base. Overall, MDST is likely to trade in a sideways range near its current levels, with potential for short-term rallies if energy demand strengthens.