No headlines found.
No press releases found.
No news found.
The Syntax Stratified MidCap ETF (the Fund ) seeks to provide investment results that, before expenses, correspond generally to the total return performance of publicly traded equity securities of companies comprising the Syntax Stratified MidCap Index (the Index ). The Index, which was created by Syntax LLC, an affiliate of the Fund s investment adviser, is the stratified-weight version of the widely used S&P MidCap 400 Index and holds the same constituents as the S&P MidCap 400 Index. The S&P MidCap 400 Index may include some constituent stocks of companies that may be considered small, medium and large capitalization companies. Stratified-weight refers to the weighting methodology of the Index and is the method by which Syntax diversifies its indices by hierarchically grouping and distributing the weight of the Index constituent companies that share Related Business Risks. Related Business Risk occurs when two or more companies earnings are affected by the same fundamental drivers (e.g. the product/services the company makes/provides, the customers or end users the company sells to, or the inputs that it utilizes to make its product or service). The process of identifying, grouping, and diversifying across related business risk is called stratification .
Syntax Stratified Midcap ETF trades on the ARCA stock market under the symbol SMDY.
As of March 28, 2024, SMDY stock price was flat at $43.37 with 33 million shares trading.
SMDY has a market cap of $10.84 million. This is considered a Sub-Micro Cap stock.
In the last 3 years, SMDY stock traded as high as $43.37 and as low as $31.66.
SMDY has underperformed the market in the last year with a return of +23.0%, while the SPY ETF gained +33.6%. In the last 3 month period, SMDY fell short of the market, returning +5.2%, while SPY returned +10.1%. However, in the most recent 2 weeks SMDY has outperformed the stock market by returning +1.8%, while SPY returned +1.7%.
SMDY support price is $43.03 and resistance is $43.71 (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 SMDY stock will trade within this expected range on the day.