Short Interest in Strategy Shares Newfound/ReSolve Robust Momentum ETF (BATS:ROMO) Drops By 46.5%

Strategy Shares Newfound/ReSolve Robust Momentum ETF (BATS:ROMO) was the target of a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 319 shares, a drop of 46.5% from the April 15th total of 596 shares. Based on an average daily volume of 1,695 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the company’s shares are short sold.

Strategy Shares Newfound/ReSolve Robust Momentum ETF Stock Down 1.5%

ROMO stock opened at $32.98 on Friday. Strategy Shares Newfound/ReSolve Robust Momentum ETF has a 52-week low of $30.46 and a 52-week high of $34.79. The stock’s fifty day simple moving average is $32.31 and its 200-day simple moving average is $33.16. The stock has a market capitalization of $29.68 million, a price-to-earnings ratio of 19.33 and a beta of 0.59.

Institutional Investors Weigh In On Strategy Shares Newfound/ReSolve Robust Momentum ETF

A hedge fund recently raised its stake in Strategy Shares Newfound/ReSolve Robust Momentum ETF stock. WJ Interests LLC lifted its holdings in shares of Strategy Shares Newfound/ReSolve Robust Momentum ETF (BATS:ROMO) by 6.4% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 450,526 shares of the company’s stock after purchasing an additional 27,257 shares during the quarter. Strategy Shares Newfound/ReSolve Robust Momentum ETF comprises about 5.4% of WJ Interests LLC’s investment portfolio, making the stock its 10th biggest position. WJ Interests LLC owned about 50.06% of Strategy Shares Newfound/ReSolve Robust Momentum ETF worth $14,187,000 as of its most recent SEC filing.

About Strategy Shares Newfound/ReSolve Robust Momentum ETF

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.