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

Formidable Fortress ETF (BATS:KONG) saw a large growth in short interest in September. As of September 15th, there was short interest totaling 2,530 shares, a growth of 211.6% from the August 31st total of 812 shares. Currently, 0.4% of the shares of the company are sold short. Based on an average daily trading volume, of 968 shares, the days-to-cover ratio is presently 2.6 days.

Formidable Fortress ETF Stock Up 0.5%

KONG traded up $0.16 on Friday, hitting $32.77. The company’s stock had a trading volume of 516 shares, compared to its average volume of 834. Formidable Fortress ETF has a 12 month low of $28.66 and a 12 month high of $33.68. The firm has a market cap of $22.94 million, a P/E ratio of 64.25 and a beta of 0.65. The company’s 50 day simple moving average is $32.56 and its 200-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.