Formidable ETF (NYSEARCA:FORH) Stock Price Down 0.7% – Should You Sell?

Formidable ETF (NYSEARCA:FORH)’s stock price dropped 0.7% during mid-day trading on Friday . The company traded as low as $25.45 and last traded at $25.52. Approximately 781 shares traded hands during trading, a decline of 3% from the average daily volume of 805 shares. The stock had previously closed at $25.70.

Formidable ETF Price Performance

The stock has a market capitalization of $20.93 million, a price-to-earnings ratio of 17.10 and a beta of 0.56. The company has a 50-day simple moving average of $25.00 and a two-hundred day simple moving average of $24.90.

Formidable ETF Announces Dividend

The company also recently disclosed an annual dividend, which was paid on Friday, December 26th. Investors of record on Wednesday, December 24th were issued a $0.4394 dividend. This represents a dividend yield of 176.0%. The ex-dividend date of this dividend was Wednesday, December 24th.

Formidable ETF Company Profile

The Formidable ETF (FORH) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund seeks long-term capital appreciation by actively managing a multi-strategy approach to providing alternative exposure, include tail hedge. FORH was launched on Apr 28, 2021 and is managed by Formidable.