(SPMD) SPDR Russell Small Cap - Ratings and Ratios

The SPDR Russell Small Cap Completeness ETF (SPMD) is designed to provide exposure to the mid-capitalization segment of the U.S. equity market by tracking the performance of the Russell Small Cap Completeness Index. Under normal market conditions, the fund invests at least 80% of its total assets in the securities included in the index, offering a diversified portfolio of mid-cap equities. The index combines small-cap and mid-cap companies, aiming to deliver a more comprehensive representation of the U.S. equity markets mid-cap segment.

As a mid-cap blend ETF, SPMD provides exposure to a mix of growth and value stocks within the mid-capitalization range, appealing to investors seeking balanced equity exposure. The fund is listed on the NYSE ARCA under the ticker symbol SPMD and is categorized as a U.S.-originated mid-cap blend ETF.

From a technical perspective, SPMD has shown recent price weakness relative to its key moving averages, with the last price of $48.20 below the 20-day SMA of $49.02, 50-day SMA of $51.61, and 200-day SMA of $53.78. The Average True Range (ATR) of 1.58 indicates moderate price volatility. The funds average 20-day trading volume is approximately 1,978,300 shares, reflecting decent liquidity for ETF investors.

Fundamentally, SPMD manages substantial assets under management (AUM) of $11.41 billion, underscoring its popularity and market presence as a mid-cap equity ETF.

3-Month Forecast: Based on the current technical and fundamental data, SPMD is expected to face short-term headwinds due to its position below key moving averages, potentially leading to further downside testing of support levels. However, the funds strong AUM and moderate ATR suggest underlying stability. The outlook for the next three months is neutral to slightly bearish, with potential for sideways trading. Recovery prospects depend on broader market conditions and the ability of mid-cap equities to regain momentum.