Formidable ETF (NYSEARCA:FORH) Trading 1.5% Higher – Should You Buy?

Formidable ETF (NYSEARCA:FORH)’s share price traded up 1.5% during trading on Monday . The stock traded as high as $24.93 and last traded at $24.93. 879 shares traded hands during mid-day trading, an increase of 28% from the average session volume of 688 shares. The stock had previously closed at $24.56.

Formidable ETF Stock Up 1.5%

The stock has a market capitalization of $20.44 million, a PE ratio of 17.10 and a beta of 0.56. The firm has a 50 day moving average price of $24.82 and a 200 day moving average price of $25.13.

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.