(CSAV) CI High Interest Savings - Ratings and Ratios

Objective: Provide a concise and factual overview of the CI High Interest Savings ETF (CSAV), including its investment strategy, performance metrics, and market position.

The CI High Interest Savings ETF (CSAV) is a Canadian exchange-traded fund designed to provide investors with high-interest savings through exposure to short-term, high-quality money market instruments. The fund tracks the Morningstar CAD O/N Cash GR CAD Index, which reflects the performance of overnight cash and cash equivalents in Canadian dollars. CSAV is structured to maintain a net asset value (NAV) of $10 per unit, offering a low-risk investment option for cash allocations.

From a technical perspective, CSAV has shown stability with a last price of $50.01, slightly above its 20-day SMA of $49.96. The funds 50-day SMA is $49.88, and its 200-day SMA is $49.40, indicating a gradual upward trend. The Average True Range (ATR) of 0.02 highlights minimal price volatility, consistent with its low-risk profile. Average daily trading volume over the past 20 days is 46,300 units, reflecting moderate liquidity.

Fundamentally, CSAV manages assets under management (AUM) of $6,269.16 million CAD, demonstrating its popularity as a cash alternative among Canadian investors. The funds focus on high-interest savings aligns with its strategy of maximizing returns on short-term deposits and other cash-like instruments.

3-Month Forecast: Based on the current technical and fundamental data, CSAV is expected to maintain its stable performance. The funds price is likely to remain near its current levels, with potential for slight appreciation driven by interest rate adjustments. Technical indicators suggest continued low volatility, supported by the funds focus on high-quality, short-duration assets.