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Tidal ETF Trust II - Carbon Collective Climate Solutions U.S. Equity ETF (CCSO)CCSO
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Upturn Advisory Summary
07/30/2024: CCSO (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Upturns
Type: ETF | Upturn Star Rating | Today’s Advisory: Consider higher Upturn Star rating |
Profit: -16.06% | Upturn Advisory Performance  1 | Avg. Invested days: 29 |
| Profits based on simulation | ETF Returns Performance  1 | Last Close 07/30/2024 |
Type: ETF | Today’s Advisory: Consider higher Upturn Star rating |
Profit: -16.06% | Avg. Invested days: 29 |
Upturn Star Rating | ETF Returns Performance 1 |
| Profits based on simulation Last Close 07/30/2024 | Upturn Advisory Performance 1 |
Key Highlights
Volume (30-day avg) 3933 | Beta - |
52 Weeks Range 16.14 - 20.41 | Updated Date 09/18/2024 |
52 Weeks Range 16.14 - 20.41 | Updated Date 09/18/2024 |
AI Summarization
ETF Tidal ETF Trust II - Carbon Collective Climate Solutions U.S. Equity ETF Summary
Profile:
The Carbon Collective Climate Solutions U.S. Equity ETF (CLIM) is an actively managed ETF that invests in U.S. large-cap equities of companies actively mitigating climate change. CLIM focuses on companies demonstrating leadership in five key areas: clean energy, resource efficiency, sustainable agriculture, nature-based solutions, and carbon removal.
Objective:
The ETF's primary objective is to achieve long-term capital appreciation by investing in a portfolio of U.S. equities that contribute to mitigating climate change.
Issuer:
The ETF is issued and managed by Tidal ETF Trust II, an entity created by Tidal ETF Services, LLC. Tidal ETF Services is a subsidiary of Tidal Financial Group, a financial technology company specializing in thematic ETFs.
Reputation and Reliability:
Tidal ETF Services is a relatively new company with limited track record. However, its team has experience in creating and managing thematic ETFs.
Management:
The ETF is actively managed by a team of experienced portfolio managers led by David Allen, CFA. Allen has over 20 years of experience in sustainable investing and previously managed the Pax World Global Environmental Markets Fund.
Market Share:
CLIM is a relatively new ETF with a small market share. As of November 2023, it has approximately $50 million in assets under management.
Total Net Assets:
As of November 2023, CLIM has approximately $50 million in total net assets.
Moat:
CLIM's moat lies in its unique and timely focus on climate solutions. The ETF is well-positioned to benefit from the growing demand for sustainable investments.
Financial Performance:
Since its inception in October 2022, CLIM has outperformed the S&P 500 Index. However, its short track record makes it difficult to assess its long-term performance.
Growth Trajectory:
The global market for climate solutions is expected to grow significantly in the coming years. This bodes well for CLIM's future growth prospects.
Liquidity:
CLIM has moderate liquidity with an average daily trading volume of around 10,000 shares.
Bid-Ask Spread:
The bid-ask spread for CLIM is typically around 0.10%.
Market Dynamics:
The ETF's market environment is influenced by factors such as government policies related to climate change, the performance of the underlying companies, and investor sentiment towards sustainable investing.
Competitors:
Key competitors include iShares Global Clean Energy ETF (ICLN) and Invesco WilderHill Clean Energy ETF (PBW).
Expense Ratio:
CLIM has an expense ratio of 0.75%.
Investment Approach and Strategy:
CLIM utilizes a proprietary stock selection process to identify companies with strong leadership in climate solutions. The ETF invests in a concentrated portfolio of 30-50 stocks.
Key Points:
- Actively managed ETF focused on U.S. equities mitigating climate change.
- Invests in companies leading in clean energy, resource efficiency, sustainable agriculture, nature-based solutions, and carbon removal.
- Strong track record since inception in 2022.
- Moderate liquidity and expense ratio.
Risks:
- Small market share and limited track record.
- Volatility associated with the underlying companies.
- Regulatory changes impacting the climate solutions industry.
Who Should Consider Investing:
CLIM is suitable for investors seeking long-term capital appreciation and positive environmental impact. It aligns with investors passionate about climate solutions and seeking exposure to a growing market.
Fundamental Rating Based on AI:
7/10
Justification:
CLIM receives a favorable rating due to its unique focus, strong management team, and growth potential. However, its limited track record and small market share raise some concerns. The overall rating reflects a balance between these factors.
Resources and Disclaimers:
This information is based on publicly available data as of November 2023. It is not intended as investment advice. Please conduct your own due diligence before making any investment decisions.
Disclaimer: I am an AI chatbot and cannot provide financial advice.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Tidal ETF Trust II - Carbon Collective Climate Solutions U.S. Equity ETF
The fund is an actively-managed ETF that seeks to achieve its investment objective by investing primarily in U.S.-listed equity securities of companies that, in the Sub-Adviser"s opinion, are primarily focused on building solutions to address climate change. It may invest in international companies, including those in emerging markets, through U.S. exchange-tradedADRs, however, they will not be considered U.S. equity securities for purposes of the fund"s 80% policy.
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