(HXT) Global X S&P/TSX 60 Index - Ratings and Ratios

The Global X S&P/TSX 60™ Index Corporate Class ETF (HXT) is designed to replicate the performance of the S&P/TSX 60 Index, which includes 60 of the largest and most liquid Canadian companies. As a corporate class ETF, it offers tax-efficient exposure to Canadian equities. With an AUM of 3.855 billion CAD, HXT is a substantial fund that provides diversification across key sectors of the Canadian economy, including financials, energy, and industrials.

From a technical standpoint, HXT has shown stability in recent trading, with an average 20-day volume of 678,600 shares. The ETF is currently trading at 65.26, above its 20-day SMA of 63.53 and 50-day SMA of 64.91, but slightly above its 200-day SMA of 63.44. The ATR of 1.32 indicates moderate volatility. Over the next three months, if the 20-day SMA continues to rise above the 50-day SMA, it may signal a bullish trend, potentially reaching 68.50. Conversely, a drop below the 200-day SMA could indicate a bearish reversal, targeting 61.50. Fundamental strength in Canadian equities, supported by sector performance, is expected to drive HXTs price action.