Strategy Shares Newfound/ReSolve Robust Momentum ETF (BATS:ROMO – Get Free Report) was the recipient of a significant increase in short interest during the month of June. As of June 30th, there was short interest totaling 24,510 shares, an increase of 1,481.3% from the June 15th total of 1,550 shares. Based on an average trading volume of 8,488 shares, the days-to-cover ratio is currently 2.9 days. Currently, 2.7% of the shares of the stock are sold short.
Institutional Trading of Strategy Shares Newfound/ReSolve Robust Momentum ETF
A hedge fund recently raised its position in Strategy Shares Newfound/ReSolve Robust Momentum ETF stock. WJ Interests LLC lifted its holdings in Strategy Shares Newfound/ReSolve Robust Momentum ETF (BATS:ROMO – Free Report) by 6.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 450,526 shares of the company’s stock after purchasing an additional 27,257 shares during the quarter. Strategy Shares Newfound/ReSolve Robust Momentum ETF accounts for approximately 5.4% of WJ Interests LLC’s investment portfolio, making the stock its 10th largest position. WJ Interests LLC owned 50.06% of Strategy Shares Newfound/ReSolve Robust Momentum ETF worth $14,187,000 at the end of the most recent quarter.
Strategy Shares Newfound/ReSolve Robust Momentum ETF Trading Up 0.5%
ROMO traded up $0.16 during trading on Friday, hitting $34.00. 694 shares of the company traded hands, compared to its average volume of 3,083. The company has a market cap of $30.60 million, a PE ratio of 19.33 and a beta of 0.59. The stock’s 50-day simple moving average is $33.51 and its two-hundred day simple moving average is $32.99. Strategy Shares Newfound/ReSolve Robust Momentum ETF has a 1 year low of $30.46 and a 1 year high of $34.79.
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.
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