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

Formidable Fortress ETF (BATS:KONG) saw a significant decrease in short interest in 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. Based on an average daily trading volume, of 495 shares, the short-interest ratio is currently 1.5 days. Approximately 0.1% of the company’s shares are sold short.

Formidable Fortress ETF Price Performance

Shares of KONG opened at $33.53 on Tuesday. Formidable Fortress ETF has a one year low of $28.66 and a one year high of $33.72. The company has a 50-day simple moving average of $32.92 and a two-hundred day simple moving average of $31.55. The firm has a market capitalization of $23.47 million, a PE ratio of 65.75 and a beta of 0.65.

About Formidable Fortress ETF

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.