(YLCO) Global X YieldCo Renewable - Ratings and Ratios

The investment objective of the Global X YieldCo & Renewable Energy Income ETF (YLCO) is to replicate the performance of the Indxx YieldCo & Renewable Energy Income Index, focusing on companies that generate energy from renewable sources. The fund primarily invests in securities from the underlying index, including ADRs and GDRs, with at least 80% of its assets allocated to these holdings. The underlying index targets publicly traded entities in the renewable energy sector, such as wind, solar, hydroelectric, geothermal, and biofuel producers. Additionally, it includes companies structured to own operating assets that generate predictable cash flows. YLCO is classified as a non-diversified fund, meaning it can hold a smaller number of securities, which may result in higher volatility compared to diversified funds. URL: http://www.globalxfunds.com

Ticker Symbol: YLCO Exchange: NASDAQ Type: etf Country Origin: USA ETF Category: Utilities

Based on the provided data, here is a 3-month forecast:

3-Month Forecast: YLCO is expected to trade within a narrow range, with support at $8.30 and resistance at $8.70. The moving averages (SMA 20: 8.48, SMA 50: 8.56, SMA 200: 9.64) indicate a potential sideways trend. The low ATR of 0.12 suggests minimal volatility, with average daily price movements likely remaining subdued.

The funds AUM of $25.98M reflects a modest asset base, which may indicate lower liquidity compared to larger ETFs. However, its focus on renewable energy and YieldCos could attract investors seeking exposure to ESG themes. The non-diversified nature of the fund may lead to higher sensitivity to sector-specific movements, potentially amplifying returns or losses depending on market conditions.