(HYRM) DBX Trust - Ratings and Ratios

The DBX ETF Trust, traded as HYRM on NYSE ARCA, is designed to mirror the performance of the U.S. dollar-denominated high yield corporate bond market under normal conditions. During adverse market conditions, it shifts focus to a USD cash position that accrues interest at the Effective Federal Funds Rate, providing a buffer against market volatility.

The fund adheres to its investment strategy by allocating at least 80% of its total assets to securities and instruments that replicate the index it tracks, or invests in alternatives that have similar economic characteristics. This approach ensures that the funds performance closely aligns with its underlying index, providing investors with the desired exposure to the high yield corporate bond market.

As a High Yield Bond ETF, HYRM offers investors a diversified portfolio of high yield, U.S. dollar-denominated corporate bonds. High yield bonds are typically issued by companies with lower credit ratings, offering higher yields to compensate for the increased risk. This category of ETFs is attractive to investors seeking higher income, albeit with a higher risk profile.

Analyzing the technical data, HYRMs last price is $23.15, slightly above its SMA20 of $22.99, indicating a positive short-term trend. The SMA50 and SMA200 are $23.10 and $23.08, respectively, suggesting a stable long-term trend. The ATR of 0.11, or 0.48%, indicates relatively low volatility. Given the 52-week high and low of $23.59 and $21.60, the current price is near its 52-week high, suggesting a strong performance over the past year.

Considering the fundamental data, the AUM of $45.26M USD indicates a relatively small but still viable fund. The size of the fund can impact its liquidity and trading costs.

Forecasting HYRMs performance, based on its technical and fundamental data, the ETF is likely to continue its stable trend. The proximity to its 52-week high and stable moving averages suggest that HYRM may consolidate around its current price or see a slight increase if the high yield corporate bond market remains favorable. However, any adverse market conditions could lead to a shift towards the USD cash position, potentially stabilizing the funds value. Investors should monitor the Effective Federal Funds Rate and overall market conditions to gauge the funds future performance.