Strategy Shares Newfound/ReSolve Robust Momentum ETF (BATS:ROMO) Trading 0.6% Higher – Should You Buy?

Strategy Shares Newfound/ReSolve Robust Momentum ETF (BATS:ROMO)’s stock price shot up 0.6% during mid-day trading on Friday . The company traded as high as $34.85 and last traded at $34.79. 2,997 shares traded hands during trading, an increase of 14% from the average daily volume of 2,629 shares. The stock had previously closed at $34.58.

Strategy Shares Newfound/ReSolve Robust Momentum ETF Stock Performance

The stock has a market cap of $31.31 million, a price-to-earnings ratio of 19.33 and a beta of 0.59. The business’s 50 day moving average is $33.99 and its 200-day moving average is $33.29.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Strategy Shares Newfound/ReSolve Robust Momentum ETF stock. WJ Interests LLC boosted its position in shares of 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. The institutional investor 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 about 5.4% of WJ Interests LLC’s portfolio, making the stock its 10th largest holding. WJ Interests LLC owned 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.