(ACTV) LeaderShares Activist - Ratings and Ratios

The LeaderShares® Activist Leaders ETF (NYSE Arca: ACTV) is an exchange-traded fund that primarily invests in equity securities of U.S. exchange-listed companies with a market capitalization of at least $1 billion at the time of initial purchase. The fund employs an activist investing strategy, focusing on companies where activist investors have taken significant positions to drive operational or strategic changes. It may concentrate its investments in specific sectors, industries, or industries, offering exposure to companies that are targets of shareholder activism. The ETF is classified under the Small Value category, though its holdings typically include mid- to large-cap companies. The fund holds 40-60 positions and is designed to track the performance of companies where activists seek to unlock value. The expense ratio is 0.65%, and it tracks the Activist Leaders Index.

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

Over the next three months, ACTV is expected to experience low volatility, with price movements likely to remain range-bound due to the flat 20-day and 50-day moving averages. If the 20-day moving average falls below the 50-day moving average, it could signal a bearish trend. The average true range (ATR) of 0.36 indicates limited price fluctuations, suggesting minimal downside risk. The current price of $31.65 is slightly below the 20-day and 50-day moving averages of $32.45 and $32.49, respectively, which may indicate short-term weakness. However, the 200-day moving average of $32.67 provides a support level. Fundamental data, including assets under management (AUM) of $64.63M, suggests a niche ETF with moderate liquidity. The average volume of 5,526 shares indicates low trading activity, which could lead to limited momentum in either direction. Overall, the ETF is expected to trade sideways with a slight bearish bias unless broader market conditions or specific activist campaigns drive significant movement.