Formidable Fortress ETF (NYSEARCA:KONG) Short Interest Up 1,113.3% in December

Formidable Fortress ETF (NYSEARCA:KONG) saw a large increase in short interest in the month of December. As of December 15th, there was short interest totaling 2,378 shares, an increase of 1,113.3% from the November 30th total of 196 shares. Based on an average trading volume of 497 shares, the short-interest ratio is currently 4.8 days. Approximately 0.3% of the company’s stock are sold short. Approximately 0.3% of the company’s stock are sold short. Based on an average trading volume of 497 shares, the short-interest ratio is currently 4.8 days.

Formidable Fortress ETF Trading Down 0.2%

KONG traded down $0.05 during midday trading on Wednesday, reaching $30.95. The company’s stock had a trading volume of 62 shares, compared to its average volume of 1,577. The firm has a market capitalization of $22.59 million, a price-to-earnings ratio of 60.69 and a beta of 0.68. Formidable Fortress ETF has a 1 year low of $25.64 and a 1 year high of $31.00. The stock’s 50-day moving average is $30.22 and its 200-day moving average is $30.14.

Formidable Fortress ETF Announces Dividend

The business also recently declared an annual dividend, which will be paid on Friday, December 26th. Investors of record on Wednesday, December 24th will be paid a $0.112 dividend. The ex-dividend date is Wednesday, December 24th. This represents a dividend yield of 36.0%. Formidable Fortress ETF’s dividend payout ratio is presently 43.14%.

Formidable Fortress ETF Company Profile

The Formidable Fortress ETF (KONG) is an exchange-traded fund that mostly invests in total market equity. The fund seeks to provide long-term capital appreciation by actively selecting a narrow basket of large- and mid-cap stocks from around the world. KONG was launched on Jul 22, 2021 and is managed by Formidable.