Strategy Shares Newfound/ReSolve Robust Momentum ETF (BATS:ROMO) Short Interest Update

Strategy Shares Newfound/ReSolve Robust Momentum ETF (BATS:ROMO) was the target of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 1,669 shares, an increase of 423.2% from the April 30th total of 319 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 964 shares, the days-to-cover ratio is currently 1.7 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Strategy Shares Newfound/ReSolve Robust Momentum ETF stock. WJ Interests LLC boosted its holdings in Strategy Shares Newfound/ReSolve Robust Momentum ETF (BATS:ROMO) by 6.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 makes up approximately 5.4% of WJ Interests LLC’s investment portfolio, making the stock its 10th largest position. 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 quarter.

Strategy Shares Newfound/ReSolve Robust Momentum ETF Price Performance

Shares of BATS ROMO opened at $33.85 on Friday. The company has a 50 day simple moving average of $32.58 and a 200 day simple moving average of $33.10. The firm has a market cap of $30.47 million, a PE ratio of 19.33 and a beta of 0.59. Strategy Shares Newfound/ReSolve Robust Momentum ETF has a 1 year low of $30.46 and a 1 year high of $34.79.

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.