(HAWX) iShares Currency Hedged - Ratings and Ratios

The iShares Currency Hedged MSCI ACWI ex U.S. ETF (HAWX) is designed to track the performance of large- and mid-capitalization companies outside the United States, while mitigating the impact of currency fluctuations on its returns. By investing at least 80% of its assets in the component securities of the underlying index, the fund provides diversified exposure to international equities.

The underlying MSCI ACWI ex U.S. Index is a widely followed benchmark that captures the performance of companies across developed and emerging markets, excluding the United States. The indexs composition may change over time due to factors such as market capitalization shifts, mergers and acquisitions, or changes in the investable universe. As a result, the funds holdings will be adjusted accordingly to maintain alignment with the index.

From a technical analysis perspective, the current price of $34.51 is above its 20-day, 50-day, and 200-day simple moving averages (SMA20, SMA50, and SMA200), indicating a positive short-term and long-term trend. The Average True Range (ATR) of 0.70, representing 2.03% of the current price, suggests moderate volatility. Given the current trend and volatility, a potential price target could be $36.50, representing a 5.7% increase from the current price, assuming the uptrend continues.

Fundamentally, the funds Assets Under Management (AUM) stand at $244.85 million, indicating a moderate level of investor interest. As the fund is part of the Foreign Large Blend category, it is likely to be influenced by global economic trends, international market sentiment, and currency fluctuations. Considering the current valuation and the funds objective of tracking the MSCI ACWI ex U.S. Index, a forecast based on historical data and technical indicators suggests that HAWX may continue to perform in line with its underlying index, potentially driven by the growth prospects of international equities.

Combining technical and fundamental analysis, a potential investment thesis for HAWX is that it may offer a compelling opportunity for investors seeking diversified international equity exposure with a currency hedge. However, investors should carefully evaluate their individual risk tolerance, investment objectives, and time horizon before making a decision. A key level to watch is the 52-week high of $34.51, which is currently the funds price; a break above this level could lead to further upside, while a decline below the SMA50 at $33.08 may indicate a potential reversal.