(NATO) Themes Transatlantic - Ratings and Ratios

The Themes Transatlantic Defense ETF (NASDAQ:NATO) is designed to track the performance of companies operating in the aerospace and defense sector, with a focus on firms headquartered in NATO member countries. The fund seeks to provide exposure to a broad range of industries within this sector, including manufacturers of military equipment, cybersecurity providers, and satellite technology firms. Under normal circumstances, the ETF invests at least 80% of its net assets in securities that comprise its underlying index, including American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs). As a non-diversified fund, it may hold a higher concentration of its net assets in a limited number of securities.

From a technical perspective, the ETF is currently trading at $28.27, with its 20-day moving average at $27.47, indicating a recent uptrend. The 50-day and 200-day moving averages are $26.71 and $26.35, respectively, further suggesting that the fund is in an upward trajectory. The Average True Range (ATR) of 0.47 reflects moderate volatility. On the fundamental side, the ETF has assets under management (AUM) of $5.67 million, which is relatively small compared to other ETFs in the industrials category. This smaller AUM may lead to lower trading volumes, with an average 20-day volume of 13,500 shares.