Formidable ETF (NYSEARCA:FORH) Share Price Passes Below 200-Day Moving Average – Here’s Why

Shares of Formidable ETF (NYSEARCA:FORHGet Free Report) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $22.64 and traded as low as $22.44. Formidable ETF shares last traded at $22.44, with a volume of 44 shares trading hands.

Formidable ETF Price Performance

The stock has a market capitalization of $26.36 million, a price-to-earnings ratio of 14.51 and a beta of 0.64. The business has a fifty day moving average of $22.94 and a 200-day moving average of $22.63.

Formidable ETF Company Profile

(Get Free Report)

The Formidable ETF (FORH) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund seeks long-term capital appreciation by actively managing a multi-strategy approach to providing alternative exposure, include tail hedge. FORH was launched on Apr 28, 2021 and is managed by Formidable.

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