Formidable Fortress ETF (BATS:KONG) Sees Significant Growth in Short Interest

Formidable Fortress ETF (BATS:KONG) was the target of a significant increase in short interest in September. As of September 15th, there was short interest totaling 2,530 shares, an increase of 211.6% from the August 31st total of 812 shares. Based on an average daily volume of 968 shares, the short-interest ratio is currently 2.6 days. Approximately 0.4% of the shares of the stock are sold short.

Formidable Fortress ETF Stock Up 0.5%

Shares of KONG stock traded up $0.16 during trading hours on Friday, reaching $32.77. The company’s stock had a trading volume of 516 shares, compared to its average volume of 834. Formidable Fortress ETF has a fifty-two week low of $28.66 and a fifty-two week high of $33.68. The firm’s 50 day simple moving average is $32.56 and its 200-day simple moving average is $31.32. The company has a market capitalization of $22.94 million, a price-to-earnings ratio of 64.25 and a beta of 0.65.

About Formidable Fortress ETF

The Formidable Fortress ETF (KONG) is an exchange-traded fund that mostly invests in total market equity. The fund seeks to provide long-term capital appreciation by actively selecting a narrow basket of large- and mid-cap stocks from around the world. KONG was launched on Jul 22, 2021 and is managed by Formidable.