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IQ Chaikin U.S. Small Cap ETF seeks investment results that track (before fees and expenses) the price and yield performance of its underlying index, the NASDAQ Chaikin Power US Small Cap Index (the Underlying Index ). IQ Chaikin U.S. Small Cap ETF (CSML) provides exposure to domestic small--cap equities through a multi-factor model, The Chaikin Power Gauge. The diversified U.S. Small Cap Fund can serve as a core component to a portfolio. The Chaikin Power Gauge is a 20 factor quantitative model which combines fundamental, earnings, technical and sentiment components to select stocks with the potential to provide enhanced returns over time. The Fund typically consists of 200-350 equally weighted securities with the highest Power Gauge ratings.
IQ Chaikin U.S. Small Cap ETF trades on the NASDAQ stock market under the symbol CSML.
As of March 28, 2024, CSML stock price climbed to $37.30 with 2,096 million shares trading.
CSML has a market cap of $183.71 million. This is considered a Micro Cap stock.
In the last 3 years, CSML stock traded as high as $38.59 and as low as $28.70.
CSML has underperformed the market in the last year with a return of +21.2%, while the SPY ETF gained +33.6%. In the last 3 month period, CSML fell short of the market, returning +2.5%, while SPY returned +10.1%. However, in the most recent 2 weeks CSML has outperformed the stock market by returning +3.3%, while SPY returned +1.7%.
CSML support price is $36.69 and resistance is $37.43 (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 CSML stock will trade within this expected range on the day.