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

Formidable Fortress ETF (BATS:KONG – Get Free Report) was the target of a large decrease in short interest during the month of September. As of September 30th, there was short interest totaling 750 shares, a decrease of 70.4% from the September 15th total of 2,530 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average trading volume of 495 shares, the short-interest ratio is currently 1.5 days.

Formidable Fortress ETF Price Performance

BATS KONG opened at $33.45 on Wednesday. The company has a fifty day moving average of $32.94 and a 200 day moving average of $31.58. The company has a market capitalization of $23.42 million, a PE ratio of 65.59 and a beta of 0.65. Formidable Fortress ETF has a 1 year low of $28.66 and a 1 year high of $33.72.

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About Formidable Fortress ETF

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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.

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