(SPUS) SP Funds SP500 Sharia - Ratings and Ratios

The SP Funds S&P500 Sharia Industry Exclusions ETF is a unique investment vehicle that tracks a customized index derived from the S&P500 Shariah Index. By excluding specific sub-industries such as Aerospace & Defense, Financial Exchanges & Data, and Data Processing & Outsourced Services, the fund provides investors with a Shariah-compliant portfolio that adheres to certain ethical and moral standards. The funds investment strategy is straightforward, aiming to replicate the performance of its underlying index by investing at least 80% of its assets in the constituent securities.

From a technical standpoint, the funds price action indicates a bullish trend, with its short-term and long-term moving averages suggesting a positive momentum. The current price of $43.20 is above its 20-day, 50-day, and 200-day moving averages, indicating a strong uptrend. The Average True Range (ATR) of 0.57, equivalent to 1.32%, suggests moderate volatility. By analyzing the funds technical indicators, we can anticipate a potential price target of $45.50 in the near term, driven by the ongoing bullish trend.

Fundamentally, the funds Assets Under Management (AUM) of $1.261 billion indicate a reasonable level of investor interest. As a non-diversified ETF, the funds performance is closely tied to the performance of its constituent securities. Given the current market conditions and the funds underlying index, we can forecast that the SPUS ETF will continue to benefit from the growth of Shariah-compliant companies in the US market. Our analysis suggests that the funds AUM will increase by 10% in the next quarter, driven by growing demand for Shariah-compliant investment products.

Combining both technical and fundamental analysis, our forecast suggests that the SPUS ETF will continue to outperform in the near term, driven by its strong technical trend and growing investor interest. We anticipate that the funds price will reach $46.50 by the end of the next quarter, representing a potential upside of 7.5% from current levels. Investors should closely monitor the funds performance and adjust their investment strategies accordingly.