Strategy Shares Newfound/ReSolve Robust Momentum ETF (BATS:ROMO) Sees Large Growth in Short Interest

Strategy Shares Newfound/ReSolve Robust Momentum ETF (BATS:ROMO) was the recipient of a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 1,669 shares, a growth of 423.2% from the April 30th total of 319 shares. Based on an average daily trading volume, of 964 shares, the short-interest ratio is presently 1.7 days. Approximately 0.2% of the company’s shares are sold short.

Strategy Shares Newfound/ReSolve Robust Momentum ETF Stock Performance

ROMO opened at $33.93 on Friday. Strategy Shares Newfound/ReSolve Robust Momentum ETF has a 52-week low of $30.46 and a 52-week high of $34.79. The stock has a market capitalization of $30.54 million, a PE ratio of 19.33 and a beta of 0.59. The stock’s 50 day moving average price is $32.63 and its 200-day moving average price is $33.10.

Hedge Funds Weigh In On Strategy Shares Newfound/ReSolve Robust Momentum ETF

A hedge fund recently raised its stake in Strategy Shares Newfound/ReSolve Robust Momentum ETF stock. WJ Interests LLC grew its holdings in shares of Strategy Shares Newfound/ReSolve Robust Momentum ETF (BATS:ROMO) by 6.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 450,526 shares of the company’s stock after buying an additional 27,257 shares during the period. Strategy Shares Newfound/ReSolve Robust Momentum ETF accounts for 5.4% of WJ Interests LLC’s portfolio, making the stock its 10th biggest position. WJ Interests LLC owned approximately 50.06% of Strategy Shares Newfound/ReSolve Robust Momentum ETF worth $14,187,000 as of its most recent SEC filing.

About Strategy Shares Newfound/ReSolve Robust Momentum ETF

The Strategy Shares Newfound\u002FReSolve Robust Momentum ETF (ROMO) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund is a passively managed fund-of-funds that shifts exposure to global equities regionally or U.S. Treasurys based on momentum and trend. ROMO was launched on Nov 1, 2019 and is managed by Strategy Shares.