(NACP) Impact Shares NAACP - Ratings and Ratios

The Impact Shares NAACP Minority Empowerment ETF (NACP) is an exchange-traded fund that focuses on investing in large and mid-capitalization companies that contribute to minority empowerment. The funds underlying index is designed to track the performance of these companies while maintaining risk and return characteristics similar to the Morningstar U.S. Large-Mid Cap Index.

Under normal circumstances, NACP invests at least 80% of its total assets, plus borrowings for investment purposes, in the component securities of its underlying index. This investment strategy is geared towards supporting companies that promote minority empowerment, providing a unique investment opportunity for those looking to align their portfolios with their values.

From a technical standpoint, NACP has shown a positive trend, with its last price of $42.20 exceeding its 20-day, 50-day, and 200-day simple moving averages (SMA20, SMA50, and SMA200) of $39.90, $39.31, and $40.46, respectively. This indicates a potential bullish signal, suggesting that the fund may continue to experience upward momentum. Additionally, the Average True Range (ATR) of 0.81, representing a 1.93% daily volatility, suggests relatively moderate price movements.

Considering the funds Assets Under Management (AUM) of $54.21M USD, it is essential to monitor its growth and investor adoption. As the fund continues to attract investors, its AUM is likely to increase, potentially leading to improved liquidity and reduced trading costs.

Based on the available technical and fundamental data, a forecast for NACP appears promising. With the current price above its moving averages and a relatively stable ATR, the fund may continue to experience a positive trend. If the AUM continues to grow, it could attract more investors, potentially driving the price towards the 52-week high of $43.84. However, a decline below the SMA50 of $39.31 could indicate a reversal in the trend, potentially leading to a retest of the 52-week low of $35.22. Therefore, it is crucial to closely monitor the funds performance and adjust investment strategies accordingly.