Formidable ETF Hits New 1-Year High with Strong Trading Surge

Shares of the **Formidable ETF** (NYSEARCA:FORH) reached a new 52-week high on Thursday, trading at a remarkable **$8,095,000.32**. This significant milestone marks a notable increase from the previous close of **$25.09**, with only one share traded during this session. The **Formidable ETF** has demonstrated resilience in the market, reflecting its strategic investment approach.

The ETF, which launched on **April 28, 2021**, is focused on achieving long-term capital appreciation through a multi-strategy investment approach. This includes target outcome asset allocation and alternative exposure strategies, such as tail hedges. Currently, the fund boasts a market capitalization of **$20.98 million**, a price-to-earnings (PE) ratio of **17.10**, and a beta of **0.56**, indicating lower volatility compared to the broader market.

Performance Metrics and Moving Averages

In assessing the stock’s performance, the **Formidable ETF** has recorded a 50-day simple moving average of **$25.47** and a 200-day simple moving average of **$23.78**. These figures suggest that despite the recent surge, the stock had been trading at a significantly lower average over the past two periods, highlighting the current upward momentum.

Investors and analysts are keenly observing the developments surrounding the **Formidable ETF**, as its strategic approach and recent performance may influence market sentiment. The fund is managed by Formidable, which has positioned itself as a player in the ever-evolving landscape of exchange-traded funds.

As the investment community continues to monitor the **Formidable ETF**, further updates and financial analyses will be crucial for stakeholders looking to navigate this dynamic market environment. For those interested in receiving daily summaries of news and analysts’ ratings related to the **Formidable ETF** and similar companies, MarketBeat.com offers a free email newsletter.