Strategy Shares Newfound/ReSolve Robust Momentum ETF (BATS:ROMO) Trading 0.3% Higher – Here’s What Happened

Strategy Shares Newfound/ReSolve Robust Momentum ETF (BATS:ROMO)’s share price shot up 0.3% during mid-day trading on Friday . The company traded as high as $33.93 and last traded at $33.93. Approximately 1,271 shares changed hands during 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 Stock Up 0.3%

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

Hedge Funds Weigh In On Strategy Shares Newfound/ReSolve Robust Momentum ETF

An institutional investor recently raised its position in Strategy Shares Newfound/ReSolve Robust Momentum ETF stock. WJ Interests LLC increased its position in Strategy Shares Newfound/ReSolve Robust Momentum ETF (BATS:ROMO) by 6.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 450,526 shares of the company’s stock after buying an additional 27,257 shares during the period. Strategy Shares Newfound/ReSolve Robust Momentum ETF accounts for approximately 5.4% of WJ Interests LLC’s investment portfolio, making the stock its 10th biggest holding. WJ Interests LLC owned about 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

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.