Strategy Shares Newfound/ReSolve Robust Momentum ETF (BATS:ROMO) Shares Up 7.2% – Here’s Why

Strategy Shares Newfound/ReSolve Robust Momentum ETF (BATS:ROMO) shares rose 7.2% during trading on Monday . The stock traded as high as $31.75 and last traded at $34.1810. Approximately 4,275 shares were traded during mid-day trading, a decline of 20% from the average daily volume of 5,333 shares. The stock had previously closed at $31.90.

Strategy Shares Newfound/ReSolve Robust Momentum ETF Stock Performance

The firm has a fifty day simple moving average of $33.97 and a 200 day simple moving average of $32.78. The company has a market cap of $30.89 million, a PE ratio of 19.33 and a beta of 0.59.

About Strategy Shares Newfound/ReSolve Robust Momentum ETF

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.