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)’s stock price shot up 2.3% during trading on Tuesday . The company traded as high as $32.2650 and last traded at $33.0640. 8,224 shares traded hands during mid-day 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 Trading Up 2.3%

The company’s fifty day moving average is $33.36 and its 200-day moving average is $33.33. The firm has a market capitalization of $29.76 million, a P/E ratio of 19.33 and a beta of 0.59.

Strategy Shares Newfound/ReSolve Robust Momentum ETF Dividend Announcement

The company also recently declared an annual dividend, which was paid on Tuesday, December 30th. Shareholders of record on Monday, December 29th were issued a dividend of $2.8176 per share. This represents a yield of 884.0%. The ex-dividend date 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.