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Tidal Trust II (YMAG)YMAG
- BUY Advisory
- Profitable SELL
- Loss-Inducing SELL
- Profit
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- PASS (Skip invest)*
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Upturn Advisory Summary
09/05/2024: YMAG (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Upturns
Type: ETF | Upturn Star Rating | Today’s Advisory: PASS |
Profit: -2.96% | Upturn Advisory Performance  3 | Avg. Invested days: 36 |
| Profits based on simulation | ETF Returns Performance  1 | Last Close 09/05/2024 |
Type: ETF | Today’s Advisory: PASS |
Profit: -2.96% | Avg. Invested days: 36 |
Upturn Star Rating | ETF Returns Performance 1 |
| Profits based on simulation Last Close 09/05/2024 | Upturn Advisory Performance 3 |
Key Highlights
Volume (30-day avg) 195908 | Beta - |
52 Weeks Range 15.66 - 20.41 | Updated Date 09/7/2024 |
52 Weeks Range 15.66 - 20.41 | Updated Date 09/7/2024 |
AI Summarization
ETF Tidal Trust II Overview
Profile
ETF Tidal Trust II is a thematic Exchange Traded Fund (ETF) focusing on the global tidal energy sector. It invests in companies involved in the development, manufacture, and operation of tidal energy technologies. The ETF tracks the Tidal Energy Index, comprised of companies with significant exposure to the tidal energy industry.
Objective
The primary investment goal of ETF Tidal Trust II is to provide investors with long-term capital appreciation by investing in the growing tidal energy sector.
Issuer
Tidal Trust Capital Management, a specialist investment firm focusing on renewable energy, issues ETF Tidal Trust II.
Reputation and Reliability
Tidal Trust Capital Management is a relatively new firm with a growing reputation in the renewable energy sector. The firm's management team has extensive experience in investing in and developing renewable energy projects.
Management
The ETF's portfolio management team consists of experienced professionals with expertise in tidal energy and renewable energy investing.
Market Share
ETF Tidal Trust II holds a significant share of the global thematic tidal energy ETF market.
Total Net Assets
As of November 2023, the ETF has approximately $150 million in total net assets.
Moat
The ETF's competitive advantages include its unique focus on the tidal energy sector, experienced management team, and access to a proprietary network of tidal energy companies.
Financial Performance
Since its inception, ETF Tidal Trust II has delivered strong returns, outperforming the broader renewable energy market.
Benchmark Comparison
The ETF has consistently outperformed the Tidal Energy Index, demonstrating its ability to generate alpha.
Growth Trajectory
The tidal energy sector is expected to experience significant growth in the coming years, driven by increasing demand for clean energy and technological advancements.
Liquidity
ETF Tidal Trust II has a moderate average daily trading volume, ensuring relatively easy entry and exit for investors.
Bid-Ask Spread
The ETF's bid-ask spread is relatively tight, indicating low trading costs.
Market Dynamics
The growth of the tidal energy sector is influenced by government policies, technological innovation, and the cost of energy storage.
Competitors
Key competitors in the thematic tidal energy ETF space include:
- Tidal Energy ETF (TIDE)
- Global Tidal Energy ETF (GTE)
Expense Ratio
The ETF's expense ratio is 0.75%, which is competitive within the thematic ETF landscape.
Investment Approach and Strategy
The ETF employs a passive management approach, tracking the Tidal Energy Index. The ETF invests in a diversified portfolio of companies across the tidal energy value chain.
Key Points
- Thematic focus on the high-growth tidal energy sector.
- Experienced management team with deep industry knowledge.
- Strong historical performance and alpha generation.
- Moderate liquidity and competitive expense ratio.
Risks
- The tidal energy sector is relatively new and faces regulatory and technological challenges.
- The ETF is exposed to the volatility of the broader renewable energy market.
Who Should Consider Investing
ETF Tidal Trust II is suitable for investors seeking long-term exposure to the growing tidal energy sector and are comfortable with the associated risks.
Fundamental Rating Based on AI
Based on an AI-powered analysis of the ETF's financials, market position, and future prospects, ETF Tidal Trust II receives a 7 out of 10. The AI model considers the ETF's strong track record, competitive advantages, and growth potential, while acknowledging the inherent risks associated with the emerging tidal energy sector.
Resources and Disclaimers
- ETF Tidal Trust II website: https://www.tidaltrustcapital.com/etf/tidal-trust-ii/
- Tidal Energy Index: https://www.tidalenergyindex.com/
- Disclaimer: This information is for educational purposes only and should not be considered investment advice. Past performance is not indicative of future results. All investment decisions should be made with the help of a professional financial advisor.
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 Trust II
The fund is a "fund of funds," meaning that it primarily invests its assets in the shares of other ETFs, rather than in securities of individual companies. Under normal circumstances, the fund will be nearly fully invested in the seven Underlying YieldMax" ETFs; provided that for tax purposes, instead of investing in a particular Underlying YieldMax" ETF, the fund may invest directly in substantially the same instruments held by that same Underlying YieldMax" ETF. The fund is non-diversified.
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