(HAL) Global X Active Canadian - Ratings and Ratios

Global X Active Canadian Dividend ETF (Ticker: HAL) is a Canadian equity-focused exchange-traded fund listed on the Toronto Stock Exchange (TO). The fund is designed to provide exposure to Canadian dividend-paying stocks, targeting income-oriented investors. It tracks the Morningstar Canada GR CAD Index, which includes a diversified portfolio of Canadian companies with a history of paying consistent dividends.

From a technical standpoint, HAL has shown stable price action, with its 20-day and 50-day simple moving averages (SMA) at 21.86 and 21.96, respectively, slightly above its 200-day SMA of 21.08. This indicates a modest upward trend over the longer term. The Average True Range (ATR) of 0.21 reflects low volatility, suggesting the funds price movements are relatively contained. The average daily trading volume of 3,957 shares over the past 20 days highlights its limited liquidity, which may impact execution for larger trades.

With assets under management (AUM) of 116.40 million CAD, HAL is a relatively small fund in its category. Its focus on dividend-paying Canadian equities positions it as a potential option for investors seeking stable income from domestic companies. The funds holdings typically include sectors such as financials, utilities, and energy, which are common dividend-paying industries in Canada.

3-Month Forecast: Based on the current technical and fundamental data, HAL is expected to maintain its stable performance. The funds SMA trends suggest continued support at the 200-day level, with potential for modest upside if the 50-day SMA remains above the 200-day SMA. The low ATR indicates that volatility is likely to remain subdued, keeping price fluctuations narrow. From a fundamental perspective, demand for dividend-focused strategies may persist, supporting the funds AUM growth, though at a moderate pace due to its niche focus.