Strategy Shares Newfound/ReSolve Robust Momentum ETF (BATS:ROMO) Stock Price Up 0.3% – Time to Buy?

Shares of Strategy Shares Newfound/ReSolve Robust Momentum ETF (BATS:ROMO – Get Free Report) rose 0.3% during trading on Friday . The company traded as high as $33.93 and last traded at $33.93. 1,271 shares changed hands during mid-day trading, a decline of 55% from the average session volume of 2,812 shares. The stock had previously closed at $33.83.

Strategy Shares Newfound/ReSolve Robust Momentum ETF Price Performance

The stock’s 50-day moving average price is $33.62 and its 200 day moving average price is $33.06. The firm has a market capitalization of $30.54 million, a PE ratio of 19.33 and a beta of 0.59.

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Institutional Inflows and Outflows

A hedge fund recently raised its stake in Strategy Shares Newfound/ReSolve Robust Momentum ETF stock. WJ Interests LLC raised its position in shares of 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 filing with the Securities & Exchange Commission. The institutional investor owned 450,526 shares of the company’s stock after purchasing an additional 27,257 shares during the period. Strategy Shares Newfound/ReSolve Robust Momentum ETF comprises 5.4% of WJ Interests LLC’s portfolio, making the stock its 10th biggest 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 reporting period.

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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