ETJ Stock Summary and Trading Ideas (Ev Risk-Managed Diversified Equity Income | NYSE:ETJ)

The Fund’s primary investment objective is to provide current income and gains, with a secondary objective of capital appreciation. The Fund invests in a diversified portfolio of common stocks and purchases out-of-the-money, short-dated S&P 500 index put options and sells out-of-the-money S&P 500 Index call options of the same term as the put options with roll dates that are staggered across the options portfolio. The Fund evaluates returns on an after tax basis and seeks to minimize and defer federal income taxes incurred by shareholders in connection with their investment in the Fund.

Ev Risk-Managed Diversified Equity Income trades on the NYSE stock market under the symbol ETJ.

As of April 19, 2024, ETJ stock price declined to $8.22 with 167,663 million shares trading.

ETJ has a beta of 0.73, meaning it tends to be less sensitive to market movements. ETJ has a correlation of 0.51 to the broad based SPY ETF.

ETJ has a market cap of $553.22 million. This is considered a Small Cap stock.

In the last 3 years, ETJ stock traded as high as $11.74 and as low as $7.20.

ETJ stock has underperformed the market in the last year with a return of +13.7%, while SPY returned +21.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in ETJ shares. However, ETJ has outperformed the market in the last 3 month and 2 week periods, returning +5.6% and -0.7%, while SPY returned +4.3% and -3.5%, respectively. This indicates ETJ has been having a stronger performance recently.

ETJ support price is $8.21 and resistance is $8.35 (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 ETJ stock will trade within this expected range on the day.