(HXH) Global X Canadian High - Ratings and Ratios

The Global X Canadian High Dividend Index Corporate Class ETF (TO:HXH) is designed to track the performance of high-dividend-paying Canadian equities. The ETF is structured as a corporate class fund, which may provide tax efficiency for certain investors. It is listed on the Toronto Stock Exchange (TO) and falls under the Canadian Dividend and Income Equity category. The fund is benchmarked against the Morningstar Canada GR CAD Index, which focuses on dividend-paying companies in Canada.

As of the latest data, HXH has an average 20-day trading volume of 2,451 shares, indicating moderate liquidity. The ETFs last price was recorded at 52.90 CAD. From a technical perspective, the fund is currently trading below its 20-day simple moving average (SMA) of 54.12 and its 50-day SMA of 53.95, while it remains above its 200-day SMA of 51.88. This suggests that the ETF may be experiencing short-term weakness but is still in an upward trend over the longer term. The Average True Range (ATR) of 0.35 indicates relatively low volatility.

In terms of fundamental data, the ETF has assets under management (AUM) of 149.39 million CAD, which is a moderate size for a Canadian dividend-focused ETF. This AUM level suggests that the fund is established but not overly large, potentially offering a balance between liquidity and diversification.

3-Month Forecast: - Technical Outlook: HXH is expected to test its 200-day SMA of 51.88 as support. If the ETF fails to hold this level, it may face further downside pressure. Conversely, if it regains momentum above its 50-day SMA of 53.95, it could retest its recent highs near 55.00. - Fundamental Analysis: The funds exposure to high-dividend-paying Canadian equities may attract income-focused investors, particularly if interest rates remain stable or decline. However, any broad market sell-off or weakening of the Canadian economy could negatively impact the ETFs performance. - Overall Forecast: HXH is likely to remain range-bound between 51.88 and 55.00 over the next three months, with its performance closely tied to the broader Canadian equity market and dividend yield attractiveness.