Strategy Shares Newfound/ReSolve Robust Momentum ETF (BATS:ROMO) Stock Price Down 1.3% – Here’s Why

Strategy Shares Newfound/ReSolve Robust Momentum ETF (BATS:ROMO)’s share price dropped 1.3% on Wednesday . The company traded as low as $31.54 and last traded at $31.54. Approximately 2,774 shares were traded during mid-day trading, a decline of 35% from the average daily volume of 4,271 shares. The stock had previously closed at $31.95.

Strategy Shares Newfound/ReSolve Robust Momentum ETF Trading Down 1.3%

The firm has a fifty day simple moving average of $32.99 and a 200-day simple moving average of $33.47. The stock has a market cap of $28.39 million, a price-to-earnings ratio of 19.33 and a beta of 0.59.

Strategy Shares Newfound/ReSolve Robust Momentum ETF Announces Dividend

The company also recently announced an annual dividend, which was paid on Tuesday, December 30th. Stockholders of record on Monday, December 29th were given a dividend of $2.8176 per share. The ex-dividend date was Monday, December 29th. This represents a dividend yield of 884.0%.

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.