(WBIY) WBI Power Factor High - Ratings and Ratios

The WBI Power Factor High Dividend ETF (NYSE ARCA:WBIY) is an exchange-traded fund that primarily invests in U.S.-listed securities, focusing on large, mid, and small-cap companies. The funds underlying index is designed to identify securities that exhibit strong yield and fundamental value characteristics, providing a balanced approach to dividend investing.

The Solactive US Broad Market Index, the parent index, comprises approximately 3,000 of the largest U.S. companies, selected and weighted based on free float market capitalization. This broad diversification allows the fund to tap into various market segments, potentially reducing risk and increasing opportunities for returns.

Analyzing the funds technical data, we observe that the current price is $29.36, with a 20-day Simple Moving Average (SMA) of $28.24 and a 50-day SMA of $28.37, indicating a recent uptrend. The 200-day SMA stands at $29.54, suggesting that the fund is currently below its long-term average. The Average True Range (ATR) is $0.59, representing a 2.00% daily volatility. Given these indicators, we can infer that the fund is experiencing a relatively stable price movement.

From a fundamental perspective, the funds Assets Under Management (AUM) stand at $55.85 million USD. While this is a relatively modest size, it is essential to consider the funds investment strategy and its ability to generate returns. The high dividend focus of the fund is likely to attract income-seeking investors, potentially driving demand and supporting the funds price.

Forecasting the funds future performance, we can combine technical and fundamental insights. The recent uptrend, as indicated by the 20-day and 50-day SMAs, may continue if the funds underlying securities maintain their yield and fundamental value characteristics. However, the funds price is currently below its 200-day SMA, which could indicate a potential resistance level. If the funds AUM continues to grow, it may attract more investors, potentially driving the price higher. Based on these factors, a potential price target for WBIY could be around $31.50, representing a 7% increase from the current price, assuming the funds underlying index continues to perform well and the overall market remains supportive.