Strategy Shares Newfound/ReSolve Robust Momentum ETF (BATS:ROMO) Stock Price Up 2.3% – Time to Buy?

Strategy Shares Newfound/ReSolve Robust Momentum ETF (BATS:ROMO) shares shot up 2.3% on Tuesday . The company traded as high as $32.2650 and last traded at $33.0640. 8,224 shares changed hands during trading, an increase of 54% from the average session volume of 5,333 shares. The stock had previously closed at $32.3081.

Strategy Shares Newfound/ReSolve Robust Momentum ETF Stock Performance

The business’s 50 day moving average price is $33.36 and its 200-day moving average price is $33.33. The company has a market cap of $29.76 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 firm also recently declared an annual dividend, which was paid on Tuesday, December 30th. Investors of record on Monday, December 29th were given a $2.8176 dividend. This represents a yield of 884.0%. The ex-dividend date of this dividend was Monday, December 29th.

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.