(IGLD) FT Cboe Vest Gold Target - Ratings and Ratios

The FT Cboe Vest Gold Target Income ETF (BATS: IGLD) is a non-diversified exchange-traded fund designed to generate income through a structured investment approach. The fund allocates its portfolio primarily to short-term U.S. Treasury securities, cash, and cash equivalents, which provide liquidity and stability. Additionally, it holds shares of a wholly-owned subsidiary that invests in FLexible Exchange Options (FLEX Options). These FLEX Options are tied to the price performance of an underlying ETF, allowing the fund to capitalize on the volatility of gold prices without direct exposure to physical gold. The strategy aims to deliver a predictable income stream while maintaining a risk profile tied to U.S. Treasury securities.

From a technical perspective, IGLD has shown moderate trading activity with an average 20-day volume of 101,266 shares. The fund is currently trading at $20.04, slightly above its 20-day SMA of $19.88 and 50-day SMA of $19.30, indicating short-term momentum. The 200-day SMA of $18.34 reflects a longer-term upward trend. Volatility remains low, with an ATR of 0.20, suggesting price stability. The funds assets under management (AUM) stand at $142.34 million, underscoring its appeal as a structured income-focused product in the commodities space.

3-Month Forecast: Based on the current technical and fundamental data, IGLD is expected to maintain its upward trajectory, with potential resistance near $20.50 and support at $19.50. The funds low volatility and alignment with U.S. Treasury yields suggest a stable to slightly increasing price range over the next three months. Continued strength in gold prices could positively impact the FLEX Options strategy, while rising interest rates may enhance the yield on its Treasury holdings.