(GINN) Goldman Sachs Innovate - Ratings and Ratios

The Goldman Sachs Innovate Equity ETF (GINN) is an exchange-traded fund designed to provide exposure to companies poised to benefit from technological innovation and its transformative impact on the economy. The fund targets firms across five key thematic areas that are driving economic evolution. GINN invests at least 80% of its assets in securities from its underlying index, including depositary receipts and the underlying stocks they represent.

GINNs underlying index is constructed to capture companies that are well-positioned to capitalize on technological advancements and their ripple effects across industries. This includes sectors such as cloud computing, cybersecurity, and digital payments. The fund is part of Goldman Sachs suite of thematic ETFs, which aim to align with long-term structural trends.

From a technical perspective, GINN has shown moderate volatility with an Average True Range (ATR) of 0.84. Its short-term moving averages (SMA 20 and SMA 50) are currently above its last price of 62.88, suggesting potential resistance at these levels. The long-term SMA 200 at 59.74 indicates a broader upward trend over the past year. Trading volume remains relatively low, with a 20-day average of 5,857 shares, which may impact liquidity.

Fundamentally, GINN manages assets under management (AUM) of $264.35 million, reflecting its niche focus on innovation-driven equities. Its targeted exposure to disruptive technologies aligns with investor interest in thematic investing, though its smaller size may limit its appeal compared to larger, more diversified ETFs.