Strategy Shares Newfound/ReSolve Robust Momentum ETF (BATS:ROMO) Stock Price Down 3.9% – Here’s Why

Strategy Shares Newfound/ReSolve Robust Momentum ETF (BATS:ROMOGet Free Report) shares fell 3.9% during mid-day trading on Thursday . The stock traded as low as $31.79 and last traded at $30.11. 4,077 shares changed hands during mid-day trading, a decline of 6% from the average session volume of 4,360 shares. The stock had previously closed at $31.33.

Strategy Shares Newfound/ReSolve Robust Momentum ETF Trading Down 2.2 %

The company has a 50 day simple moving average of $31.96 and a 200-day simple moving average of $31.77. The stock has a market cap of $36.76 million, a price-to-earnings ratio of 24.05 and a beta of 0.60.

Strategy Shares Newfound/ReSolve Robust Momentum ETF Company Profile

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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.

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