(HXS) Global X SP500 Corporate - Ratings and Ratios

The Global X S&P 500 Corporate Class ETF (HXS) is a Canadian-listed exchange-traded fund designed to provide investors with exposure to the U.S. equity market. It tracks the Morningstar US Market TR CAD Index, offering a diversified portfolio of U.S. stocks. HXS is structured as a corporate class ETF, which is tax-efficient for Canadian investors.

From a technical perspective, HXS has an average trading volume of 54,150 shares over the past 20 days, indicating moderate liquidity. The ETF is currently trading at 78.66, below its 20-day moving average of 77.44 but above its 50-day moving average of 82.28. The 200-day moving average stands at 82.53, suggesting a recent downtrend. The Average True Range (ATR) of 2.22 indicates moderate volatility, with price fluctuations averaging 2.22 over the past period.

Fundamentally, HXS manages assets under management (AUM) of 4,341.05 million CAD, making it a well-established ETF with significant investor interest. Its large AUM typically corresponds with lower expense ratios and tighter tracking error, making it a cost-effective option for investors seeking U.S. market exposure.

3-Month Forecast: Based on the technical and fundamental data, HXS is expected to face headwinds in the near term. The ETFs short-term moving average (SMA20) is below its medium-term (SMA50) and long-term (SMA200) moving averages, signaling a bearish trend. The ATR of 2.22 suggests continued volatility, with potential price fluctuations within a range of 76.44 to 80.88. Fundamentally, while the ETFs large AUM and tracking of a broad market index are positives, the technical indicators point to a challenging environment. Therefore, HXS is likely to experience sideways to slightly lower pricing over the next three months, contingent on broader U.S. market performance.