(IJS) iShares S&P Small-Cap 600 - Ratings and Ratios

The iShares S&P Small-Cap 600 Value ETF (IJS) is an exchange-traded fund that tracks the S&P SmallCap 600 Value Index, providing investors with exposure to small-cap value stocks in the US market. The funds investment strategy is to replicate the performance of its underlying index by investing at least 80% of its assets in the constituent securities, while also allowing for up to 20% allocation to derivatives, cash, and cash equivalents to enhance returns or manage risk.

As a Small Value ETF, IJS focuses on companies with lower price-to-earnings ratios and other value characteristics, which can potentially offer higher returns over the long term. The funds underlying index comprises 600 small-cap stocks, providing a diversified portfolio with a mix of industries and sectors. With a strong track record and a well-established investment process, IJS is a popular choice among investors seeking to tap into the US small-cap value market.

Analyzing the funds technical data, we observe that the current price is $97.61, with a 20-day SMA of $96.78, indicating a positive short-term trend. The 50-day SMA is $93.46, and the 200-day SMA is $103.77, suggesting a potential reversal in the longer term. The ATR is 1.65, or 1.69%, indicating moderate volatility. Given the current price action and the funds technical indicators, we forecast a potential short-term uptrend, with a target price of $100.50, based on the convergence of the 20-day and 50-day SMAs.

From a fundamental perspective, the funds AUM is approximately $6.08 billion, indicating a sizable and liquid investment vehicle. Considering the current market conditions and the funds underlying index, we expect IJS to benefit from a potential rotation into small-cap value stocks, driven by the economic recovery and the relative attractiveness of the asset class. Our forecast suggests that IJS may outperform its benchmark over the next 6-12 months, driven by a combination of technical and fundamental factors.

For more information on IJS, please visit the iShares website at http://www.ishares.com, where you can access detailed fund information, including holdings, performance, and other relevant data.