Short Interest in Formidable Fortress ETF (NYSEARCA:KONG) Rises By 1,113.3%

by · The Cerbat Gem

Formidable Fortress ETF (NYSEARCA:KONG – Get Free Report) was the target of a large increase in short interest in December. As of December 15th, there was short interest totaling 2,378 shares, an increase of 1,113.3% from the November 30th total of 196 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average trading volume of 497 shares, the days-to-cover ratio is presently 4.8 days. Based on an average trading volume of 497 shares, the days-to-cover ratio is presently 4.8 days. Currently, 0.3% of the company’s stock are short sold.

Formidable Fortress ETF Stock Performance

KONG traded down $0.05 during midday trading on Thursday, reaching $30.95. 62 shares of the company were exchanged, compared to its average volume of 1,577. The company has a market cap of $22.59 million, a price-to-earnings ratio of 60.69 and a beta of 0.68. Formidable Fortress ETF has a one year low of $25.64 and a one year high of $31.00. The company’s fifty day moving average price is $30.22 and its 200 day moving average price is $30.14.

Formidable Fortress ETF Dividend Announcement

The business also recently declared an annual dividend, which will be paid on Friday, December 26th. Investors of record on Wednesday, December 24th will be given a $0.112 dividend. This represents a yield of 36.0%. The ex-dividend date of this dividend is Wednesday, December 24th. Formidable Fortress ETF’s dividend payout ratio is presently 43.14%.

About Formidable Fortress ETF

(Get Free Report)

The Formidable Fortress ETF (KONG) is an exchange-traded fund that mostly invests in total market equity. The fund seeks to provide long-term capital appreciation by actively selecting a narrow basket of large- and mid-cap stocks from around the world. KONG was launched on Jul 22, 2021 and is managed by Formidable.

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