Strategy Shares Newfound/ReSolve Robust Momentum ETF (BATS:ROMO) Sees Large Increase in Short Interest

Strategy Shares Newfound/ReSolve Robust Momentum ETF (BATS:ROMO) was the recipient of a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 24,510 shares, a growth of 1,481.3% from the June 15th total of 1,550 shares. Approximately 2.7% of the shares of the company are sold short. Based on an average daily trading volume, of 8,488 shares, the days-to-cover ratio is presently 2.9 days.

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

An institutional investor recently raised its stake in Strategy Shares Newfound/ReSolve Robust Momentum ETF stock. WJ Interests LLC lifted its position in shares of Strategy Shares Newfound/ReSolve Robust Momentum ETF (BATS:ROMO) by 6.4% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 450,526 shares of the company’s stock after acquiring an additional 27,257 shares during the period. Strategy Shares Newfound/ReSolve Robust Momentum ETF accounts for 5.4% of WJ Interests LLC’s portfolio, making the stock its 10th biggest holding. 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 Stock Up 0.5%

ROMO traded up $0.16 during trading on Friday, hitting $34.00. 694 shares of the stock were exchanged, compared to its average volume of 3,083. Strategy Shares Newfound/ReSolve Robust Momentum ETF has a 1-year low of $30.46 and a 1-year high of $34.79. The firm has a market capitalization of $30.60 million, a P/E ratio of 19.33 and a beta of 0.59. The stock has a fifty day moving average price of $33.51 and a two-hundred day moving average price of $32.99.

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.