Strategy Shares Newfound/ReSolve Robust Momentum ETF (BATS:ROMO) Stock Price Down 4.1% – What’s Next?

Strategy Shares Newfound/ReSolve Robust Momentum ETF (BATS:ROMO)’s stock price were down 4.1% during trading on Thursday . The stock traded as low as $31.79 and last traded at $30.04. Approximately 4,077 shares were traded during trading, a decline of 9% from the average daily volume of 4,478 shares. The stock had previously closed at $31.33.

Strategy Shares Newfound/ReSolve Robust Momentum ETF Trading Down 8.3 %

The business’s 50-day simple moving average is $31.55 and its two-hundred day simple moving average is $31.79. The firm has a market cap of $32.48 million, a price-to-earnings ratio of 23.64 and a beta of 0.60.

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.