(HTAE) Harvest Tech Achievers - Ratings and Ratios

The Harvest Tech Achievers Enhanced Income ETF - Class A Units (HTAE:TO) is designed to provide investors with enhanced income and growth opportunities by applying modest leverage to its underlying investment in the Harvest Tech Achievers Growth & Income ETF. This allows investors to tap into a diversified portfolio of large-cap tech companies while generating higher monthly cash flow.

By leveraging its investment in the underlying ETF, HTAE aims to amplify returns, making it an attractive option for income-seeking investors. The funds focus on large-cap tech companies provides exposure to established players in the technology sector, potentially reducing volatility and increasing the potential for stable returns.

Analyzing the technical data, the current price of $15.48 is slightly below its 200-day SMA of $15.56, indicating a potential buying opportunity. The 20-day and 50-day SMAs are trending upwards, suggesting a short-term bullish trend. The ATR of 3.32% indicates moderate volatility. Considering the 52-week high and low, the ETF has demonstrated resilience, with a relatively stable price range.

Combining the technical analysis with fundamental data, we can forecast that HTAE may continue to attract investors seeking income and growth in the tech sector. With an AUM of $77.84M CAD, the fund has a reasonable size to maintain liquidity. As the tech sector continues to evolve, HTAEs diversified portfolio and modest leverage may position it for potential long-term growth. Our forecast suggests that HTAE may reach $18.00 within the next 12 months, driven by a combination of its underlying tech portfolio and the potential for continued income generation.

For investors seeking exposure to the tech sector with a focus on income, HTAE presents a compelling option. Its diversified portfolio and modest leverage may provide a balance between growth and income, making it suitable for investors with a medium to long-term investment horizon.