(HUBL) Harvest US Bank Leaders - Ratings and Ratios

The Harvest US Bank Leaders Income ETF Class A (TO:HUBL) is designed to offer investors a combination of regular income, capital growth, and reduced portfolio volatility compared to directly holding equity securities of leading U.S. banks. The fund achieves this by implementing a covered call strategy on up to 33% of its portfolio, which helps generate consistent cash flow and mitigate market fluctuations. The level of option writing is adaptive, adjusting based on market conditions and volatility. The ETF tracks the Morningstar Global Financial Services GR CAD Index, focusing on major U.S. banking institutions.

From a technical standpoint, HUBL is currently trading below its 20-day and 50-day moving averages, which are at 13.90 and 13.76, respectively. The 200-day moving average of 12.68 indicates longer-term support. With an ATR of 0.22, the fund exhibits low price volatility. The average trading volume of 10,116 shares over the past 20 days suggests moderate liquidity. The funds assets under management (AUM) of 124.09M CAD reflect its established presence in the Canadian ETF market.

Over the next three months, HUBL is expected to trade sideways with a potential bullish bias due to its proximity to the 200-day moving average. The covered call strategy may continue to provide downside protection, though upside participation could be limited. Support is likely at the 200-day SMA of 12.68, while resistance may emerge near the 50-day SMA of 13.76. The funds income generation through dividends and option premiums should remain a key driver of its appeal to income-focused investors.