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Sarmaya Thematic ETF is an actively managed exchange-traded fund that will invest primarily in domestic and foreign equity securities of companies considered by Sarmaya Partners, LLC, the sub-adviser to the Fund, to reflect an emerging or prevailing market theme. The Sub-Adviser defines "emerging or prevailing market theme" as market sectors, asset classes, or regions that are believed to be poised for future growth through the market cycle (i.e, the period of time between two major lows for a market. The Sub-Adviser's investment process is macro-focused, looking to generate value through its active management of the Fund's portfolio across various emerging or prevailing market themes. The Sub-Adviser believes these market themes typically result from major macroeconomic shifts, new secular regimes (i.e., a new secular trend driven by fundamental changes in the economy), or eras of innovation and are typically born in areas of the market that have been underappreciated or ignored for a prolonged period, likely because of a structural consolidation from a prior theme high (i.e., the period that follows a market theme downtrend where companies begin to show signs of recovery).
Sarmaya Thematic ETF trades on the BATS stock market under the symbol LENS.
As of March 5, 2026, LENS stock price declined to $46.75 with 12,827 million shares trading.
LENS has a market cap of $46.75 million. This is considered a Sub-Micro Cap stock.
LENS has outperformed the market in the last year with a price return of +90.4% while the SPY ETF gained +19.4%. LENS has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +26.0% and +0.9%, respectively, while the SPY returned -0.2% and -0.7%, respectively.
LENS support price is $46.76 and resistance is $49.11 (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 LENS shares will trade within this expected range on the day.
