(WDTE) WDTE - Ratings and Ratios

WDTE (NYSE ARCA:WDTE) is a U.S.-listed exchange-traded fund (ETF) categorized under Trading--Miscellaneous, indicating its focus on niche or specialized trading strategies. With an average daily trading volume of 16,750 shares over the past 20 days, WDTE operates in a relatively low-liquidity environment. The funds assets under management (AUM) total $66.45 million, reflecting its smaller scale compared to broader market ETFs. WDTEs current price of $34.82 is slightly below its 20-day simple moving average (SMA) of $35.43, while its 50-day SMA stands at $36.37 and its 200-day SMA at $35.89. The Average True Range (ATR) of 0.52 highlights its low volatility, suggesting minimal daily price fluctuations.

Over the next three months, based on and , WDTE is expected to remain range-bound between $34 and $37. The funds price action is likely to track its 20-day SMA, which has been declining since late 2023, indicating bearish momentum. However, support from its 200-day SMA at $35.89 may limit downside potential. Given its low ATR of 0.52, daily price movements are expected to remain subdued, with minimal breakout attempts. The $66.45 million AUM suggests limited institutional interest, further supporting a sideways trading pattern. Overall, WDTEs outlook is neutral, with a slight bias toward consolidation near its current price levels.