(NXTE) Investment Managers Series - Ratings and Ratios

The AXS Sustainable Alpha ETF (NXTE) is an actively managed exchange-traded fund that focuses on investing in sustainable companies across various market capitalizations, sectors, and geographies. The funds investment strategy involves allocating at least 80% of its net assets, plus borrowings for investment purposes, in companies that meet its sustainability criteria.

The funds advisor has the flexibility to invest in a broad range of companies, from large-cap to small-cap, and across different economic sectors and geographic regions. While the primary focus is on common stocks and American Depositary Receipts (ADRs), the fund may maintain a reasonable allocation (up to 20%) in U.S. Treasury Bills and money market instruments to ensure liquidity and meet redemption requests.

Given the current technical indicators, the funds last price is $32.53, which is above its 200-day simple moving average (SMA) of $32.06, indicating a potential bullish trend. The 20-day SMA and 50-day SMA are $30.82 and $30.02, respectively, suggesting a short-term uptrend. The average true range (ATR) is $0.70, representing a 2.16% daily volatility. Considering the 52-week high and low prices of $35.61 and $25.91, respectively, the fund is currently trading near the middle of its 52-week range.

Combining the technical analysis with the fundamental data, we can infer that the funds assets under management (AUM) stand at $40.72 million. While this is a relatively modest AUM, it is not uncommon for newer or niche ETFs. Based on the current trend and assuming the sustainable investing theme continues to attract investor interest, we can forecast that NXTE may continue to trade within a range of $30-$36 in the near term, with potential for further growth if the funds AUM continues to expand and the underlying holdings perform well.

To achieve this forecast, the funds advisor will need to continue to identify and invest in sustainable companies that meet the funds investment criteria, while also managing the portfolios risk profile and liquidity needs. As the sustainable investing landscape evolves, NXTE is well-positioned to capitalize on emerging trends and opportunities, potentially driving long-term growth and returns for investors.