(YGLD) Simplify Exchange Traded - Ratings and Ratios

The Simplify Exchange Traded Funds (NYSE ARCA:YGLD) is an actively managed ETF that employs a unique investment strategy to achieve its objectives. At the start of each quarter, the funds adviser selects gold futures to gain exposure to the precious metal, aiming to achieve a total economic gold exposure of up to approximately 150% of the funds net assets.

To supplement its gold exposure and generate income, YGLD implements an option spread writing strategy on a range of ETFs, including equity, fixed income, and currency ETFs. This involves selling and buying options to profit from the premiums received, while managing potential risks through the use of spreads. The funds non-diversified nature means it may concentrate its investments in a limited number of securities, potentially increasing its exposure to market volatility.

From a technical analysis perspective, YGLDs price action indicates a bullish trend, with the short-term SMA20 at $34.43 and the long-term SMA200 at $28.49, suggesting a strong upward momentum. The Average True Range (ATR) of 1.09, equivalent to 3.15%, indicates moderate volatility. Given the current price of $34.62, and considering the SMA20 and SMA50 ($32.17) are both below the current price, it is likely that the fund will continue to experience an upward trend.

Considering the fundamental data, the Assets Under Management (AUM) is reported as $0.00M USD, which may indicate a lack of data or a very small fund size. However, this does not directly impact the funds strategy or its potential for growth. The adviser will continue to adjust the gold futures exposure and option spread writing strategy to maximize returns.

Forecasting the future performance of YGLD, we can expect the fund to continue its bullish trend, driven by its gold exposure and income-generating strategy. As the gold price continues to be influenced by market sentiment and economic conditions, YGLDs leveraged exposure to gold futures may result in significant gains if the gold price appreciates. With the current technical indicators and the funds strategy, a potential price target could be the 52W High of $35.70. However, investors should be aware of the potential risks associated with the funds non-diversified nature and the volatility of the gold market.