Formidable ETF (NYSEARCA:FORH) Stock Price Down 1.5% – Here’s Why

Formidable ETF (NYSEARCA:FORH)’s stock price fell 1.5% during trading on Friday . The company traded as low as $23.99 and last traded at $23.99. 1,986 shares traded hands during mid-day trading, an increase of 188% from the average session volume of 689 shares. The stock had previously closed at $24.35.

Formidable ETF Price Performance

The firm’s fifty day moving average price is $25.03 and its two-hundred day moving average price is $25.06. The stock has a market cap of $19.67 million, a price-to-earnings ratio of 17.10 and a beta of 0.56.

Formidable ETF Dividend Announcement

The company also recently announced an annual dividend, which was paid on Friday, December 26th. Investors of record on Wednesday, December 24th were given a $0.4394 dividend. This represents a yield of 176.0%. The ex-dividend date of this dividend was Wednesday, December 24th.

About Formidable ETF

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.