Formidable ETF (NYSEARCA:FORH) Shares Down 1.5% – What’s Next?

Formidable ETF (NYSEARCA:FORH)’s stock price dropped 1.5% on Friday . The stock traded as low as $23.99 and last traded at $23.99. Approximately 1,986 shares traded hands during trading, an increase of 188% from the average daily volume of 689 shares. The stock had previously closed at $24.35.

Formidable ETF Price Performance

The stock has a market capitalization of $19.67 million, a P/E ratio of 17.10 and a beta of 0.56. The stock’s fifty day moving average price is $25.03 and its 200 day moving average price is $25.07.

Formidable ETF Announces Dividend

The business also recently announced an annual dividend, which was paid on Friday, December 26th. Stockholders of record on Wednesday, December 24th were given a dividend of $0.4394 per share. The ex-dividend date of this dividend was Wednesday, December 24th. This represents a dividend yield of 176.0%.

About Formidable ETF

The Formidable ETF (FORH) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund seeks long-term capital appreciation by actively managing a multi-strategy approach to providing alternative exposure, include tail hedge. FORH was launched on Apr 28, 2021 and is managed by Formidable.