(GHYB) Goldman Sachs Access High - Ratings and Ratios

The Goldman Sachs Access High Yield Corporate Bond ETF (GHYB) is designed to track the performance of the FTSE US High-Yield Market Index, utilizing a proprietary methodology developed by Goldman Sachs Asset Management (GSAM). By investing at least 80% of its assets in securities included in this underlying index, the fund aims to provide investors with exposure to the high-yield corporate bond market.

As a high-yield bond ETF, GHYB is positioned to capitalize on the income-generating potential of non-investment-grade corporate bonds. The funds underlying index is likely comprised of a diversified portfolio of high-yield bonds issued by U.S. corporations, offering a broad representation of the domestic high-yield market.

Analyzing the funds recent price action, we observe a bullish trend, with the 20-day SMA (44.17) and 50-day SMA (43.89) indicating a positive momentum. The current price (44.72) is near the 52-week high (44.75), suggesting a strong upward trend. The ATR (0.40) translates to a daily volatility of 0.90%, indicating a relatively stable trading environment.

Considering the funds AUM (108.56M USD), we can infer that GHYB has a moderate level of investor interest. While not a behemoth in terms of assets under management, the fund has a sufficient scale to maintain liquidity and support its investment objective.

Based on the technical and fundamental data, our forecast suggests that GHYB is poised for continued growth, driven by the ongoing demand for high-yield bonds in a low-interest-rate environment. With the 200-day SMA (43.53) providing a support level, we anticipate the funds price to potentially reach 45.50 within the next quarter, representing a 1.7% upside from current levels. However, investors should remain vigilant, as changes in market sentiment or interest rates could impact the funds performance.