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

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

Hedge Funds Weigh In On Strategy Shares Newfound/ReSolve Robust Momentum ETF

A hedge fund recently raised its stake in Strategy Shares Newfound/ReSolve Robust Momentum ETF stock. WJ Interests LLC increased its position in Strategy Shares Newfound/ReSolve Robust Momentum ETF (BATS:ROMO) by 6.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 450,526 shares of the company’s stock after acquiring 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 position. WJ Interests LLC owned about 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 Price Performance

Shares of BATS:ROMO opened at $33.87 on Tuesday. The stock has a market capitalization of $30.48 million, a P/E ratio of 19.33 and a beta of 0.59. The business has a 50-day moving average of $33.14 and a two-hundred day moving average of $33.07. Strategy Shares Newfound/ReSolve Robust Momentum ETF has a fifty-two week low of $30.46 and a fifty-two week high of $34.79.

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.