(HXQ) Global X NASDAQ-100 Index - Ratings and Ratios

The Global X NASDAQ-100 Index Corporate Class ETF CAD (Ticker: HXQ) is listed on the Toronto Stock Exchange (TO) and is designed to track the performance of the Morningstar US Market TR CAD Index. This ETF provides exposure to a broad range of US equities, offering a diversified portfolio that mirrors the composition of the underlying index.

From a technical standpoint, HXQ has shown moderate trading activity, with an average daily volume of 28,550 shares over the past 20 days. The ETF is currently trading at 78.10 CAD, slightly above its 20-day simple moving average (SMA) of 75.45 but below its 50-day SMA of 78.87. The 200-day SMA stands at 81.03, indicating a potential longer-term downtrend. The Average True Range (ATR) of 2.51 suggests moderate volatility in recent price movements.

Fundamentally, HXQ has assets under management (AUM) of 680.05 million CAD, reflecting its popularity among investors seeking US equity exposure. The ETFs structure allows for efficient tracking of the Morningstar US Market TR CAD Index, making it a viable option for those looking to gain broad access to the US market.

Based on the technical and fundamental data, HXQ is likely to remain range-bound in the near term, with support near the 50-day SMA of 78.87 and resistance at the 200-day SMA of 81.03. The ATR of 2.51 suggests that price fluctuations may remain moderate, with potential for slight downside if the ETF fails to break above the 50-day SMA. The substantial AUM of 680.05 million CAD underscores the ETFs liquidity and stability, making it a robust choice for investors seeking exposure to the US equity market despite current technical headwinds.