Short Interest in Strategy Shares Newfound/ReSolve Robust Momentum ETF (BATS:ROMO) Drops By 37.5%

Strategy Shares Newfound/ReSolve Robust Momentum ETF (BATS:ROMO) was the target of a significant decline in short interest in May. As of May 29th, there was short interest totaling 1,043 shares, a decline of 37.5% from the May 14th total of 1,669 shares. Based on an average daily volume of 993 shares, the short-interest ratio is presently 1.1 days. Approximately 0.1% of the shares of the company are sold short.

Strategy Shares Newfound/ReSolve Robust Momentum ETF Stock Performance

ROMO opened at $33.48 on Monday. The business’s 50-day simple moving average is $33.10 and its 200-day simple moving average is $33.07. Strategy Shares Newfound/ReSolve Robust Momentum ETF has a one year low of $30.46 and a one year high of $34.79. The stock has a market capitalization of $30.13 million, a P/E ratio of 19.33 and a beta of 0.59.

Institutional Trading of Strategy Shares Newfound/ReSolve Robust Momentum ETF

An institutional investor recently raised its position in Strategy Shares Newfound/ReSolve Robust Momentum ETF stock. WJ Interests LLC lifted its position in shares of Strategy Shares Newfound/ReSolve Robust Momentum ETF (BATS:ROMO) by 6.4% during the first quarter, according to its most recent Form 13F filing with the SEC. 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 comprises about 5.4% of WJ Interests LLC’s holdings, 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 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.