(BETZ) Roundhill Sports Betting - Ratings and Ratios

The Roundhill Sports Betting & iGaming ETF (NYSE ARCA: BETZ) is an exchange-traded fund designed to offer targeted exposure to the sports betting and online gaming industry. The fund tracks the Morningstar Sports Betting & Gaming Index, which was developed by Morningstar, Inc. to capture the performance of companies involved in sports betting, iGaming, and related sectors. BETZ invests primarily in the constituents of its underlying index but may also hold depositary receipts, other ETFs, or investments that provide similar exposure to the sports betting and gaming theme. The fund is non-diversified, meaning it may concentrate its holdings in a smaller number of securities.

As of the latest data, BETZ has an average trading volume of 19,992 shares over the past 20 days, with a last price of $20.48. Its short-term moving averages indicate a recent uptrend, with the 20-day SMA at $20.62 and the 50-day SMA at $19.83, while the 200-day SMA stands at $18.49. The ATR of 0.35 reflects relatively low volatility in recent trading. The fund has $79.14 million in assets under management (AUM), positioning it as a niche ETF focused on a rapidly growing sector.

3-Month Forecast: Based on the technical and fundamental data, BETZ is expected to trade in a narrow range near its current levels over the next three months. The ETFs price action may remain constrained by its 20-day and 50-day moving averages, with potential resistance around $20.80 and support near $19.50. The relatively low ATR suggests that price movements will remain subdued, with limited upside or downside momentum. However, if the sports betting and iGaming sector experiences positive regulatory developments or increased investor interest, BETZ could break above its current resistance levels and trend higher. Conversely, any setbacks in the sector could lead to a retest of its support levels.