(CHGX) Change Finance Diversified - Ratings and Ratios

The Change Finance Diversified Imp US Large Cap Fossil Fuel Free ETF (CHGX) is designed to track the performance of an equal-weighted portfolio of approximately 100 U.S.-listed large- and mid-capitalization companies, excluding those involved in fossil fuel extraction, refining, or distribution. The fund employs a strict environmental screen to ensure compliance with its fossil fuel-free mandate. The adviser seeks to replicate the index by holding all, or substantially all, of its assets in the component securities of the index. Over time, the fund is expected to maintain a high correlation with its underlying index, targeting a correlation coefficient of 95% or higher. This approach aims to deliver returns consistent with the index while minimizing tracking error.

Over the next three months, CHGX is expected to remain range-bound, with potential support at $37.50 (SMA 200) and resistance at $39.50 (SMA 20). The average true range (ATR) of 0.40 suggests moderate volatility, with daily price fluctuations likely to remain contained. The funds average volume of 9,603 shares over the past 20 days indicates limited liquidity, which may impact execution at market open and close. With assets under management (AUM) of $131.53 million, CHGX maintains a stable base, though inflows or outflows could influence short-term price action. The adviser is likely to maintain its current strategy, focusing on tight index replication and adherence to the funds environmental criteria.