(RIET) Hoya Capital High Dividend - Ratings and Ratios

The Hoya Capital High Dividend Yield ETF (RIET) is designed to offer a diversified portfolio of 100 U.S.-listed real estate-related securities that prioritize income generation through high dividend yields, catering to investors seeking regular returns from the real estate sector.

By focusing on securities that have demonstrated a commitment to dividend payments, having paid a dividend in the prior 12 calendar months, the fund aims to maintain a consistent income stream. This approach aligns with the investment strategy of allocating at least 80% of its net assets, plus any borrowings for investment purposes, towards dividend-paying securities, ensuring a steadfast adherence to its income-focused objective.

Given its current technical indicators, such as the last price being $9.59, slightly above both its 20-day and 50-day Simple Moving Averages (SMA20: $9.33, SMA50: $9.47), and an Average True Range (ATR) of 0.22, representing a 2.26% daily volatility, it suggests a relatively stable short-term outlook. The funds price being below its 200-day SMA ($9.88) may indicate a longer-term downtrend or consolidation phase.

Analyzing the 52-week high ($10.58) and low ($8.64), the current price of $9.59 positions RIET near the middle of its recent price range, suggesting a potential for movement in either direction based on market conditions and investor sentiment towards real estate and dividend-yielding stocks.

With an Assets Under Management (AUM) of $86.27M USD, the ETF has a considerable presence in the market, indicating a level of investor confidence and liquidity. This, combined with its diversified portfolio, positions RIET as a viable option for those seeking exposure to the real estate sector with a focus on dividend yield.

Forecasting based on the available technical and fundamental data, if the ETF continues to stay above its SMA20 and SMA50, it may indicate a short-term bullish trend. However, the long-term trend, as indicated by the SMA200, suggests that the ETF is still in a consolidation phase. A break above the 200-day SMA could signal a potential long-term uptrend. Conversely, failure to sustain above the shorter-term SMAs could lead to a decline. Therefore, a prudent strategy could involve closely monitoring these indicators for signs of a breakout or breakdown, adjusting investment decisions accordingly.