Strategy Shares Newfound/ReSolve Robust Momentum ETF (BATS:ROMO) Sees Significant Growth in Short Interest

Strategy Shares Newfound/ReSolve Robust Momentum ETF (BATS:ROMO) was the target of a significant growth in short interest in September. As of September 30th, there was short interest totaling 1,911 shares, a growth of 56.0% from the September 15th total of 1,225 shares. Based on an average trading volume of 1,843 shares, the short-interest ratio is currently 1.0 days. Approximately 0.2% of the company’s stock are short sold.

Strategy Shares Newfound/ReSolve Robust Momentum ETF Stock Performance

ROMO stock opened at $33.82 on Friday. The firm has a 50 day moving average price of $34.56 and a 200-day moving average price of $33.76. Strategy Shares Newfound/ReSolve Robust Momentum ETF has a 52-week low of $30.46 and a 52-week high of $35.13. The firm has a market capitalization of $30.44 million, a price-to-earnings ratio of 19.33 and a beta of 0.59.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Strategy Shares Newfound/ReSolve Robust Momentum ETF stock. WJ Interests LLC raised its stake in shares of Strategy Shares Newfound/ReSolve Robust Momentum ETF (BATS:ROMO) by 6.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 450,526 shares of the company’s stock after buying an additional 27,257 shares during the quarter. Strategy Shares Newfound/ReSolve Robust Momentum ETF comprises about 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 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.