(FAN) First Trust Global Wind - Ratings and Ratios

The First Trust Global Wind Energy ETF (FAN) is designed to track the performance of companies globally that are engaged in the wind energy industry. The fund typically allocates at least 90% of its net assets to common stocks and depositary receipts that are part of its underlying index. This index serves as a benchmark for investors seeking exposure to firms involved in various aspects of wind energy, including turbine manufacturing, installation, and renewable energy projects. The fund is non-diversified, meaning it can concentrate its holdings in a smaller number of securities. For more information, visit http://www.ftportfolios.com/.

As of the latest data, FAN trades on the NYSE ARCA under the ticker symbol FAN and is categorized as a Miscellaneous Sector ETF. It has an average 20-day trading volume of 46,087 shares, with a last price of $15.13. The funds short-term moving averages (SMA 20 and SMA 50) are slightly below its current price, at $15.00 and $14.89, respectively, while its long-term SMA 200 stands at $16.23. The Average True Range (ATR) of 0.24 indicates relatively low volatility. FAN manages assets under management (AUM) of $134.05 million, reflecting its moderate scale in the ETF landscape.

Over the next three months, FAN is expected to remain range-bound, with potential resistance near $16.00 and support around $14.50. The funds price action may be influenced by broader market trends in renewable energy, as well as technical indicators such as the SMA 200, which currently sits above the SMA 50. The ATR of 0.24 suggests that price fluctuations are likely to remain muted, with average daily moves of less than 2%. Fundamental factors, including global policy shifts in favor of wind energy and increasing demand for clean power solutions, may provide a tailwind for the sector. However, macroeconomic conditions and commodity prices could also impact the funds performance during this period.