(PHDG) Invesco SP500 Downside - Ratings and Ratios

The Invesco S&P 500® Downside Hedged ETF (PHDG) is designed to mitigate downside risk while maintaining exposure to the S&P 500® Index. The fund dynamically allocates its assets across three components: the S&P 500® Index, the S&P 500® VIX Short-Term Futures Index, and cash. This strategy aims to reduce volatility and protect against market declines by adjusting the mix of equity, volatility hedge, and cash positions based on market conditions.

As of the latest data, PHDG has an average daily trading volume of 9,570 shares, with a last price of $37.39. The funds short-term technical indicators show a 20-day SMA of $38.24 and a 50-day SMA of $38.02, suggesting recent price weakness. The 200-day SMA stands at $37.60, indicating a slightly sideways trend over the longer term. The ATR of 0.42 reflects relatively low volatility in recent trading sessions. The fund manages assets under management (AUM) of $112.96 million, indicating moderate investor interest.

3-Month Forecast: Based on the current technical and fundamental data, PHDG is expected to trade in a narrow range over the next three months. The 20-day SMA ($38.24) and 50-day SMA ($38.02) are converging, signaling potential consolidation. Support is likely to hold near the 200-day SMA ($37.60), while resistance may emerge at the recent high of $38.24. The ATR of 0.42 suggests limited volatility, with daily price fluctuations expected to remain subdued. Fundamental demand for downside protection may stabilize flows into the fund, supporting its current AUM level. Overall, PHDG is projected to remain range-bound with a slight bearish bias due to the recent price decline below the 50-day SMA.