AGOV Stock Summary and Trading Ideas (Etc Gavekal Asia Pacific Government Bond ETF | ARCA:AGOV)

The Fund is an actively-managed exchange-traded fund ( ETF ) that seeks to achieve its investment objective by investing in local currency bonds issued by national governments (i.e., sovereign bonds) and instrumentalities or political sub-divisions (i.e., quasi-sovereign bonds) in the Asia-Pacific region ( Asia-Pacific government bonds ). Under normal circumstances, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in Asia-Pacific government bonds. The Fund also may invest in bonds issued by supranational entities such as the World Bank, Asia Development Bank, and Asian Infrastructure Bank (i.e., supranational bonds). The Fund may invest without limit in securities of issuers in emerging markets, including frontier markets. The Asia-Pacific government bonds in which the Fund expects to invest are those from China, India, Indonesia, Singapore, South Korea, Russia, Japan, Malaysia, Taiwan, Thailand, Hong Kong, the Philippines, Pakistan, Vietnam, Sri Lanka, Kazakhstan, Australia, and New Zealand. Gavekal Capital Limited, the Fund s sub-adviser (the Sub-Adviser ), currently expects to allocate at least 3% of the Fund s total assets to Asia-Pacific government bonds of each country. The list of countries in which the Fund may invest may change from time to time to include other countries in the Asia-Pacific region.

Etc Gavekal Asia Pacific Government Bond ETF trades on the ARCA stock market under the symbol AGOV.

As of June 2, 2023, AGOV stock price climbed to $77.35 with 967 million shares trading.

AGOV has a market cap of $37.90 million. This is considered a Sub-Micro Cap stock.

AGOV has underperformed the market in the last year with a price return of -1.6% while the SPY ETF gained +6.1%. AGOV has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +3.3% and +1.0%, respectively, while the SPY returned +8.8% and +2.1%, respectively.

AGOV support price is $75.37 and resistance is $79.29 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AGOV stock will trade within this expected range on the day.