Zacks Investment ResearchT3·59mo ago
ROMO Strategy Shares Newfound/ReSolve Robust Momentum ETF
ETFETF quote, holdings, sector allocation, technicals, and options analytics. Fibonacci levels
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ROMO
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Key stats
About
Strategy Shares Newfound/ReSolve Robust Momentum ETF (ROMO) ETF
No description available.
- Exchange
- BATS
- Inception
- 2019-11-01
- Has Options
- No
Fund profile
holdings as of Jul 31, 2026SEC filingthrough Jul 2026flows, SEC filings
- Expense ratio
- 0.87% prospectus, filed Aug 27, 2025
- Assets
- $26M shares × price, Oct 21, 2026
- Trailing yield
- 8.23% paid annual
- Average daily volume
- $73K 30 sessions
- Holdings
- 5 top 10 are 99.7%
- Listed
- Nov 1, 2019 Cboe BZX
- Last fee change
- +2 bp filed Aug 27, 2025
- Tracking difference
- -1.22 pts vs index, after fees, FY 2026
Cost4
Liquidity0
Scale15
Diversification0
Moves with. US large-cap stocks (55% of its variance, beta 0.93); Developed markets ex-US over US (10% of its variance, beta 0.50); Gold (7% of its variance, beta 0.08). These factors explain 73% of its daily moves over the last year.
Stated objective. The Fund?s investment objective is to seek to provide investment returns that correspond, before fees and expenses, to the performance of the Newfound/ReSolve Robust Equity Momentum Index. (from the fund's prospectus)
Fund flows
through Jul 2026SEC filings- Jul 2026
- −$1.0M latest reported month
- Latest 3 months
- −$1.3M −5.4% of assets
- Latest 12 months
- −$3.6M −14.6% of assets
View as a table
| Month | Net flow |
|---|---|
| Jul 2026 | −$1.0M |
| Jun 2026 | $0 |
| May 2026 | −$330K |
| Apr 2026 | −$327K |
| Mar 2026 | −$638K |
| Feb 2026 | +$332K |
| Jan 2026 | −$2.0M |
| Dec 2025 | $0 |
| Nov 2025 | $0 |
| Oct 2025 | $0 |
| Sep 2025 | +$334K |
| Aug 2025 | $0 |
Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 78 months ago
Similar funds
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| SPMOInvesco S&P 500 Momentum ETF | — | 0.13% | $22.1B | +18.1% | compare |
| MTUMiShares MSCI USA Momentum Factor ETF | — | 0.15% | $18.9B | +17.8% | compare |
| XMMOInvesco S&P MidCap Momentum ETF | — | 0.35% | $6.9B | +4.8% | compare |
| XSMOInvesco S&P SmallCap Momentum ETF | — | 0.36% | $2.8B | +9.6% | compare |
| JMOMJPMorgan U.S. Momentum Factor ETF | — | 0.12% | $2.7B | +20.2% | compare |
The largest other funds in the Momentum category.
Under the hood
fiscal year to Apr 30, 2026SEC census- Authorized participants
- 3 active of 10 with agreements; top 3 did 100%
- Created · redeemed
- $1.3M · $12M over the fiscal year
- Redemptions in kind
- 100% creations 100% in kind
- Creation unit
- 10,000 shares
- Securities lending
- not authorized
- Return vs index
- -1.22 pts after fees; -0.35 before; daily s.d. 0.44
From the fund's annual census filing with the SEC. In-kind redemptions are what let an ETF shed appreciated securities without realising gains.
ETF Profile
holdings as of 2026-07-31
Holdings
5
AUM
$25.0M
Provider
Nport
Inception
2019-11-01
Exchange
BATS
Data As Of
2026-07-31
Expense Ratio
0.87%
Dividend Yield
8.23%
Distribution
Annual
Recent distributions
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2025-12-29 | 2025-12-30 | $2.8176 | CD |
| 2024-12-27 | 2024-12-30 | $0.2391 | CD |
| 2023-12-27 | 2023-12-29 | $0.6379 | CD |
| 2022-12-28 | 2022-12-30 | $0.1877 | CD |
| 2021-12-28 | 2021-12-30 | $0.1687 | CD |
Asset Allocation
Top Holdings
top 5 of 5 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| — | iShares Core S&P 500 ETF | 56.23% | Other | US |
| — | iShares Core MSCI EAFE ETF | 38.47% | Other | US |
| — | iShares Core MSCI Emerging Markets ETF | 2.47% | Other | US |
| — | iShares 1-3 Year Treasury Bond ETF | 2.23% | Other | US |
| — | iShares 7-10 Year Treasury Bond ETF | 0.27% | Other | US |
Non-Equity Breakdown
Strategy Shares Newfound/Resolve Robust Momentum ETF ·
NPORT-P period 2026-07-31
(filed 2026-09-28)
Net assets:
$25M
· 5 total positions
· equity 0.00%
· non-equity 99.68%
Non-equity holdings
— 5 positions,
99.68% of NAV
| Category | Weight | Value | Positions |
|---|---|---|---|
| Other | 99.68% | $25.0M | 5 |
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | 0.42% | -5.80% | 3.26% | 2.01% | 2.91% | 2.72% | 0.92% |
| Feb | 0.65% | -2.73% | -3.38% | 3.93% | -0.69% | 3.86% | 0.27% |
| Mar | 0.29% | -0.47% | 1.82% | 2.15% | -3.27% | -6.39% | -0.98% |
| Apr | 2.87% | -5.37% | 1.42% | -3.57% | 0.59% | 3.22% | -0.14% |
| May | 0.49% | -0.46% | -3.45% | 4.85% | 1.76% | 3.28% | 1.08% |
| Jun | 0.96% | -1.00% | 3.24% | 2.90% | 1.96% | -0.41% | 1.28% |
| Jul | 1.32% | 0.53% | 2.74% | 0.85% | -0.98% | 0.55% | 0.84% |
| Aug | 3.15% | -3.45% | -1.76% | 3.28% | 4.03% | 1.47% | 1.12% |
| Sep | -4.44% | -2.36% | -4.47% | 4.00% | 3.59% | -0.85% | -0.76% |
| Oct | 4.77% | -1.06% | -0.90% | -0.46% | 1.47% | -0.55%* | 0.54% |
| Nov | -0.99% | 1.68% | 4.57% | 4.75% | -0.34% | -- | 1.93% |
| Dec | 5.33% | -2.67% | 0.98% | -3.16% | -6.97% | -- | -1.30% |
| Total | 15.44% | -21.08% | 3.62% | 23.24% | 3.57% | 6.67% | 5.24% |
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $34.26
SMA 50: $34.49
SMA 200: $33.47
Current: $33.86
EMA 12: $34.13
EMA 26: $34.26
MACD: -0.1240 | Signal: -0.0364
BEARISH
ADX (14): 17.04
RANGE
+DI: 30.38
−DI: 51.83
Momentum Oscillators
RSI (14): 41.83
NEUTRAL
Stoch %K: 24.87
Stoch %D: 21.70
Williams %R: -95.08
Volume & Volatility
BB Upper: $34.73
BB Lower: $33.78
NEUTRAL
OBV: 462,603
Vol SMA 20: 1,956
Vol ROC: -94.00%
ATR: $0.23
True Range: $0.36
HV 20: 9.8%
HV 30: 10.8%
HV 60: 11.0%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-23T00:00:00 – 2026-10-21T00:00:00
AI Analysis
LLM Stock Analysis Report: ROMO
Executive Summary
Overall Assessment: NEUTRAL (Confidence Level: 6/10)
Key Drivers:
- Neutral RSI and Stochastic indicators suggest a consolidation phase
- Bullish MACD signal indicates potential for further upside
- Moderate volatility, similar to the broader market
Primary Risks:
- Range-bound trading with limited upside potential
- Potential break below SMA 200 support
Investment Thesis: ROMO is likely to consolidate in the near term, potentially leading to a range-bound trading environment. While there are some bullish signals, the stock's moderate volatility and lack of significant catalysts limit its upside potential.
Recent News Sentiment Impact: The recent news headline about hedge funds' first inflow in three years has had a neutral impact on the stock, as it does not directly relate to ROMO's fundamentals or technicals.
Technical Analysis
Trend Direction: Consolidation (Short-term), Neutral (Medium-term)
Support/Resistance Levels:
- SMA 200: $33.38
- Lower Bollinger Band: $34.49
- Upper Bollinger Band: $35.14
Momentum Signals: RSI: 53.27 (neutral) MACD: Bullish signal with a reading of 0.18 Bollinger Bands: Neutral, indicating no strong momentum signals
Volume Analysis: Moderate volume activity, consistent with the broader market's volatility.
News & Sentiment Analysis
Recent Headlines Summary: The recent news headline was neutral and did not have a significant impact on the stock's price movement.
Sentiment Assessment: Neutral sentiment, as there is no clear positive or negative news driving the stock's price.
Catalyst Identification: No specific catalysts identified that could drive the stock's price in the near term. Earnings information is not available.
Risk & Volatility Assessment
Beta Interpretation: ROMO has a beta of 0.98, indicating moderate volatility and tracking the broader market.
Volatility Regime: The stock's volatility is currently moderate, similar to the broader market.
Options Market Signals: No options data available.
Downside Protection: Support levels include SMA 200 and the Lower Bollinger Band, which could provide some downside protection if the stock breaks below its current range.
Market Context & Positioning
Sector Performance: ROMO's performance is consistent with the broader market, indicating a neutral sector positioning.
Institutional Activity: No significant institutional activity detected, suggesting no clear buying or selling pressure.
Correlation Analysis: The stock's correlation with the broader market (R-squared) is high, indicating that it tracks the overall market trend.
Relative Valuation: ROMO is positioned within a trading range, making it difficult to determine its relative valuation.
Key Levels & Action Items
Critical Price Levels:
- SMA 200: $33.38
- Lower Bollinger Band: $34.49
Breakout/Breakdown Levels:
- Upper Bollinger Band: $35.14 (breakout)
Time-Sensitive Catalysts: No specific catalysts identified that could drive the stock's price in the near term.
Risk Management: Consider setting stop-loss levels around SMA 200 and Lower Bollinger Band to manage risk, especially if the stock breaks below its current range.
Please note that this report is a comprehensive analysis of ROMO's technical and fundamental data. It does not provide buy or sell recommendations but rather highlights key drivers, risks, and potential catalysts for further upside or downside movement.
Generated
News
All ROMO news →
ROMO Options Activity & IV Rank
Loading options activity...
Spread Scanner GPU
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score (GPU scanner)
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
—
—
pts
EXTREME
ATM — / Wing —
30 DTE / 10d
—
—
pts
EXTREME
ATM — / Wing —
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Enter a ticker to render the implied volatility surface.
Volatility Smile
Enter a ticker to render the implied volatility smile.
IV Rank (7 DTE)
IV Rank (30 DTE)
Straddle Price (30 DTE)
Beta Analysis
Risk Metrics
Beta: 0.9917
Alpha: -12.80%
Correlation: 0.7693
R-Squared: 59.2%
Stock Volatility: 16.4%
Market Volatility: 12.8%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
Moderate volatility - stock generally follows market
Moderate volatility - stock generally follows market
Beta & Alpha Over Time
ROMO Institutional Ownership (13F)
Latest filings — 2026-09-30Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
| # | Filer | Notional Value | % of Total | Period |
|---|
| # | Filer | Notional Value | % of Total | Period |
|---|
Constituent Performance
Click any bar to view the full quote for that stock.
Constituents
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
|---|