Formidable Fortress ETF (NYSEARCA:KONG) Shares Down 0.3%

Formidable Fortress ETF (NYSEARCA:KONG) traded down 0.3% during mid-day trading on Thursday . The stock traded as low as $26.38 and last traded at $26.38. 5,254 shares were traded during trading, an increase of 109% from the average session volume of 2,509 shares. The stock had previously closed at $26.45.

Formidable Fortress ETF Stock Performance

The stock has a market capitalization of $25.86 million, a PE ratio of 25.99 and a beta of 0.57. The business has a 50 day moving average of $27.04 and a two-hundred day moving average of $26.19.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Formidable Fortress ETF stock. Formidable Asset Management LLC lifted its stake in shares of Formidable Fortress ETF (NYSEARCA:KONG) by 5.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,013,115 shares of the company’s stock after purchasing an additional 54,299 shares during the period. Formidable Fortress ETF accounts for about 5.6% of Formidable Asset Management LLC’s portfolio, making the stock its 4th largest holding. Formidable Asset Management LLC owned approximately 96.49% of Formidable Fortress ETF worth $25,434,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

About Formidable Fortress ETF

The Formidable Fortress ETF (KONG) is an exchange-traded fund that mostly invests in total market equity. The fund seeks to provide long-term capital appreciation by actively selecting a narrow basket of large- and mid-cap stocks from around the world. KONG was launched on Jul 22, 2021 and is managed by Formidable.