Formidable ETF (BATS:FORH) Shares Climb 1.3% – Still a Buy?

Formidable ETF (BATS:FORH)’s share price shot up 1.3% during trading on Friday. The stock traded as high as $24.16 and last traded at $24.16. Approximately 4,802 shares were traded during mid-day trading, an increase of 566% from the average daily volume of 721 shares. The stock had previously closed at $23.86.

Formidable ETF Price Performance

The firm has a fifty day simple moving average of $24.51 and a two-hundred day simple moving average of $24.64. The firm has a market capitalization of $19.33 million, a P/E ratio of 17.10 and a beta of 0.56.

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.