Strategy Shares Newfound/ReSolve Robust Momentum ETF (BATS:ROMO) Shares Up 3.4% – Here’s Why

Shares of Strategy Shares Newfound/ReSolve Robust Momentum ETF (BATS:ROMO) traded up 3.4% on Wednesday . The stock traded as high as $31.98 and last traded at $32.41. 4,077 shares were traded during trading, The stock had previously closed at $31.33.

Strategy Shares Newfound/ReSolve Robust Momentum ETF Price Performance

The stock has a market cap of $43.10 million, a price-to-earnings ratio of 15.74 and a beta of 0.87. The company’s fifty day moving average price is $32.24 and its 200-day moving average price is $31.33.

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.