Formidable Fortress ETF (NYSEARCA:KONG) Sees Significant Increase in Short Interest

Formidable Fortress ETF (NYSEARCA:KONG) was the target of a large increase in short interest in September. As of September 15th, there was short interest totaling 8,900 shares, an increase of 8,800.0% from the August 31st total of 100 shares. Based on an average trading volume of 1,800 shares, the days-to-cover ratio is presently 4.9 days. Based on an average trading volume of 1,800 shares, the days-to-cover ratio is presently 4.9 days.

Formidable Fortress ETF Stock Up 0.3%

KONG opened at $30.56 on Wednesday. The firm has a market cap of $22.31 million, a PE ratio of 59.92 and a beta of 0.70. The business has a fifty day simple moving average of $30.34 and a 200-day simple moving average of $29.32. Formidable Fortress ETF has a fifty-two week low of $25.64 and a fifty-two week high of $31.04.

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.