Strategy Shares Newfound/ReSolve Robust Momentum ETF (BATS:ROMO) Shares Up 0.4% – Still a Buy?

Strategy Shares Newfound/ReSolve Robust Momentum ETF (BATS:ROMO)’s share price traded up 0.4% during mid-day trading on Tuesday. The company traded as high as $34.69 and last traded at $34.64. 809 shares were traded during trading, a decline of 68% from the average session volume of 2,519 shares. The stock had previously closed at $34.51.

Strategy Shares Newfound/ReSolve Robust Momentum ETF Trading Up 0.4%

The firm’s 50-day moving average price is $34.56 and its 200 day moving average price is $33.60. The company has a market cap of $31.18 million, a price-to-earnings ratio of 19.33 and a beta of 0.59.

Institutional Investors Weigh In On Strategy Shares Newfound/ReSolve Robust Momentum ETF

A hedge fund recently raised its stake in Strategy Shares Newfound/ReSolve Robust Momentum ETF stock. WJ Interests LLC raised its stake 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 disclosure with the Securities and Exchange Commission. The institutional investor owned 450,526 shares of the company’s stock after purchasing an additional 27,257 shares during the period. Strategy Shares Newfound/ReSolve Robust Momentum ETF accounts for 5.4% of WJ Interests LLC’s holdings, making the stock its 10th biggest holding. WJ Interests LLC owned 50.06% of Strategy Shares Newfound/ReSolve Robust Momentum ETF worth $14,187,000 as of its most recent filing with the Securities and Exchange Commission.

About Strategy Shares Newfound/ReSolve Robust Momentum ETF

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.