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

Strategy Shares Newfound/ReSolve Robust Momentum ETF (BATS:ROMO – Get Free Report) was the recipient of a significant increase in short interest in the month of October. As of October 30th, there was short interest totaling 2,543 shares, an increase of 235.0% from the October 15th total of 759 shares. Approximately 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 862 shares, the days-to-cover ratio is currently 3.0 days.

Strategy Shares Newfound/ReSolve Robust Momentum ETF Price Performance

BATS:ROMO opened at $33.46 on Friday. Strategy Shares Newfound/ReSolve Robust Momentum ETF has a 1 year low of $30.46 and a 1 year high of $35.13. The stock’s fifty day moving average price is $34.10 and its two-hundred day moving average price is $33.54. The company has a market cap of $25.09 million, a P/E ratio of 21.15 and a beta of 0.54.

Strategy Shares Newfound/ReSolve Robust Momentum ETF Company Profile

(Get Free Report)

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.

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