(CHAT) Tidal Trust II - Ratings and Ratios

The Tidal Trust II (NYSE ARCA: CHAT) is an actively managed exchange-traded fund (ETF) designed to capitalize on the transformative potential of artificial intelligence (AI), with a particular emphasis on generative AI and related technologies. The fund seeks to achieve its investment objective by primarily investing in the equity securities of exchange-listed companies worldwide, including those in emerging markets. These companies are identified as being actively involved in the development, implementation, or utilization of AI technologies. The funds portfolio is concentrated, as it is non-diversified, and under normal circumstances, it will allocate at least 80% of its net assets, plus borrowings for investment purposes, to equity securities of AI and technology companies. This focus allows the fund to provide targeted exposure to the rapidly evolving AI sector, which includes areas such as machine learning, natural language processing, and computer vision.

From a technical perspective, the funds recent price action suggests a period of consolidation. The last price of $38.86 is below the 20-day simple moving average (SMA) of $41.91 and the 50-day SMA of $41.77, indicating potential resistance at these levels. The 200-day SMA of $38.26 is slightly below the current price, suggesting a possible support level. The Average True Range (ATR) of 1.06 reflects moderate volatility, which could imply a trading range in the near term. Fundamentally, the funds assets under management (AUM) of $297.49 million indicate a notable but not overly large pool of capital, which may provide flexibility in navigating the AI-focused equity universe.