Strategy Shares Newfound/ReSolve Robust Momentum ETF (BATS:ROMO) Stock Price Up 7.8% – Time to Buy?

Strategy Shares Newfound/ReSolve Robust Momentum ETF (BATS:ROMO) shares were up 7.8% during mid-day trading on Monday . The company traded as high as $31.75 and last traded at $34.40. Approximately 4,275 shares traded hands during 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 Up 7.8%

The business has a 50-day moving average price of $33.72 and a 200-day moving average price of $32.41. The firm has a market capitalization of $30.96 million, a P/E ratio of 19.33 and a beta of 0.59.

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.