Formidable ETF (NYSEARCA:FORH) Shares Up 0.2% – Should You Buy?

Shares of Formidable ETF (NYSEARCA:FORH) shot up 0.2% on Wednesday . The stock traded as high as $25.01 and last traded at $25.01. 2,620 shares changed hands during trading, an increase of 288% from the average session volume of 676 shares. The stock had previously closed at $24.96.

Formidable ETF Trading Down 0.1%

The business has a fifty day moving average of $24.84 and a 200-day moving average of $24.90. The firm has a market cap of $20.29 million, a PE ratio of 17.10 and a beta of 0.55.

Formidable ETF Company Profile

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.