Formidable Fortress ETF (BATS:KONG) Sees Large Growth in Short Interest

Formidable Fortress ETF (BATS:KONG) was the target of a significant increase in short interest in September. As of September 15th, there was short interest totaling 2,530 shares, an increase of 211.6% from the August 31st total of 812 shares. Approximately 0.4% of the company’s shares are sold short. Based on an average trading volume of 968 shares, the short-interest ratio is presently 2.6 days.

Formidable Fortress ETF Trading Up 0.5%

Shares of Formidable Fortress ETF stock opened at $32.77 on Friday. Formidable Fortress ETF has a 12-month low of $28.66 and a 12-month high of $33.68. The company has a market cap of $22.94 million, a P/E ratio of 64.25 and a beta of 0.65. The company’s fifty day simple moving average is $32.56 and its two-hundred day simple moving average is $31.32.

Formidable Fortress ETF Company Profile

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.