Strategy Shares Newfound/ReSolve Robust Momentum ETF (ROMO)
Strategy Shares Newfound/ReSolve Robust Momentum ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Coral Gables, FL, US. The stock last traded at $34.93, up 0.37% on the session, giving a market capitalisation of $26.7M. Its beta of 1.04 implies it has historically moved more than the broad market.
This fund utilizes a passive investment approach, striving to mirror the total returns of the Newfound/ReSolve Robust Equity Momentum Index, prior to any fees or expenses. The index itself employs a systematic, rules-based quantitative process to allocate capital across broad U.S. equity, international equity, and emerging market equity segments. This allocation occurs only when these specific equity markets demonstrate positive price momentum relative to U.S. Treasury market benchmarks.
Strategy Shares Newfound/ReSolve Robust Momentum ETF is most often compared with the following Financial Services names: