(YMAR) First Trust Exchange-Traded - Ratings and Ratios

The First Trust Exchange-Traded Fund VIII - FT Cboe Vest International Equity Buffer ETF - March (BATS: YMAR) is a defined outcome ETF designed to provide exposure to international equities with a buffer against potential losses. Under normal market conditions, the fund allocates substantially all its assets to FLEX Options, which are tailored equity or index option contracts. These options are pegged to the performance of the iShares MSCI EAFE ETF, a widely followed benchmark for international developed markets outside the U.S. and Canada. FLEX Options are exchange-traded and offer customization in terms of strike prices, styles, and expiration dates, allowing the fund to implement its specific investment strategy. The ETF is non-diversified, meaning it can concentrate its holdings in a limited number of securities or strategies.

From a technical perspective, YMAR has shown muted volatility with an Average True Range (ATR) of 0.19, indicating relatively stable price movements. Its short-term and long-term moving averages (SMA 20: 23.72, SMA 50: 23.28, SMA 200: 23.43) suggest a sideways trend with slight bearish undertones. The funds average trading volume of 11,177 shares over the past 20 days reflects limited liquidity, which may impact market entry and exit efficiency. As of the latest data, the ETF is trading at 24.02, slightly above its 200-day moving average, signaling potential support at current levels.

From a fundamental standpoint, YMAR manages assets under management (AUM) of $103.13 million, a modest size that allows for nimble portfolio adjustments. The funds focus on buffering international equity exposure aligns with risk-conscious investors seeking partial downside protection in volatile markets. Its underlying exposure to the MSCI EAFE ETF ensures diversification across developed international markets, though the use of FLEX Options introduces complexity in tracking the underlying index performance.