(LRNZ) TrueShares Technology AI - Ratings and Ratios

The TrueShares Technology AI and Deep Learning ETF (NYSE ARCA: LRNZ) primarily invests in companies involved in technology, artificial intelligence, and deep learning. Under normal market conditions, the fund allocates at least 80% of its net assets (including borrowings for investment purposes) to common stocks of these companies. The fund may also invest in small and medium-capitalized companies, which the adviser believes could offer higher capital appreciation and dividend yields. The fund is non-diversified, allowing it to take larger positions in select securities.

From a technical perspective, the funds short-term momentum appears bearish, as the last price of $37.14 is below both the 20-day (42.03) and 50-day (41.26) simple moving averages. However, the 200-day SMA of 39.30 suggests potential support. The ATR of 0.98 indicates moderate volatility. Over the next three months, if the price remains below the 20-day and 50-day SMAs, it may signal continued weakness. Conversely, a break above these levels could indicate a trend reversal.

Fundamentally, the funds AUM of $34.49M reflects a relatively small asset base, which may lead to higher volatility compared to larger ETFs. The funds focus on technology, AI, and deep learning companies positions it to benefit from long-term growth trends in these sectors. However, the next three months may see challenges due to broader market volatility and investor sentiment shifts, particularly in the technology sector. Small and medium-capitalized companies, which the fund may hold, are often more sensitive to market conditions and liquidity changes. Despite these near-term risks, the structural growth drivers in AI and deep learning could provide a tailwind for the funds holdings.