BNE Stock Summary and Trading Ideas (ETF Series Solutions Blue Horizon Bne ETF | ARCA:BNE)

Blue Horizon BNE ETF uses a passive management (or indexing) approach to track the performance, before fees and expenses, of Blue Horizon New Energy Economy 100 Index. The Index consists of a portfolio of approximately 100 U.S. and foreign companies participating in the New Energy Economy . Companies eligible for inclusion in the Index are those included in the Blue Horizon New Energy Economy Universe (the BH Universe ), a proprietary database of companies in the New Energy Economy Sectors listed above. Companies in the BH Universe are then screened for investibility requirements including a market capitalization in excess of 200 million and a minimum average daily value traded of 1 million. Companies in the BH Universe are then further screened for relevance to their applicable New Energy Economy Sectors, and assigned a score based on revenue, market share, growth, and technology leadership relative to their New Energy Economy Sectors. Companies with stronger ties to the New Energy Economy Sectors receive higher scores, and the companies with the highest scores are included in the Index, subject to a maximum of 30 companies in any one New Energy Economy Sector.

ETF Series Solutions Blue Horizon Bne ETF trades on the ARCA stock market under the symbol BNE.

As of June 14, 2024, BNE stock price declined to $22.30 with 2,303 million shares trading.

BNE has a market cap of $3.90 million. This is considered a Sub-Micro Cap stock.

In the last 3 years, BNE stock traded as high as $32.04 and as low as $19.53.

BNE has underperformed the market in the last year with a price return of -12.7% while the SPY ETF gained +25.7%. BNE has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +0.7% and -4.6%, respectively, while the SPY returned +6.0% and +2.9%, respectively.

BNE support price is $22.48 and resistance is $22.96 (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 BNE stock will trade within this expected range on the day.