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Asset Summary

Weekly Performance Report for ROM ETF: Week 47, 2024

Summary: The Weekly started with ROM ETF opening at $67.92 and closing at $69.29. The ETF showed resilience throughout the Weekly, with the highest price observed at $69.57 and the lowest at $67.5. The underlying asset had a trading range of $2.07 Overall, it was a positive trading Weekly for ROM ETF, reflecting investor optimism and market activity.

Change in Closing Price: There was a net increase of $1.37 or 2.02% in the closing price from the opening to the closing price over the Weekly.

Volume Analysis: Trading volume for ROM ETF was 77,964 units during Week 47, indicating active market participation and investor interest.

Opening Price: The Weekly started at $67.92.

Highest Price: The highest price observed during the Weekly was $69.57.

Lowest Price: The lowest price observed during the Weekly was $67.5.

Closing Price: The Weekly ended at $69.29.

Asset Performance Metrics and Risk Characteristics:

Understanding asset performance is crucial for evaluating investment quality and making informed decisions. Metrics like trailing return and drawdown provide insights into how an asset has performed over time, its volatility, and the efficiency of its returns relative to risk. Performance indicators help assess the stability, risk, and reward of an investment, allowing investors and portfolio managers to make comparisons and strategize accordingly.

Asset Technical Analysis

Technical analysis involves evaluating an asset's price and volume data to forecast future movements and make informed trading decisions. By using various technical indicators and chart patterns, investors can gain insights into market trends, price momentum, and potential turning points. This section delves into essential technical metrics, including moving averages, pivot points, and other indicators that provide a snapshot of an asset's current technical stance. Analyzing these indicators helps investors identify entry and exit points, assess market sentiment, and refine their trading strategies. Explore the following technical analysis data to understand the asset's performance dynamics and make better-informed decisions.

Moving Averages

Moving Averages are commonly used to smooth out price data and identify trends over a specific period. Here’s a summary of the latest moving averages for various periods:

  • SMA (Simple Moving Average): Reflects the average price over a specific number of periods.
  • EMA (Exponential Moving Average): Gives more weight to recent prices, making it more responsive to new information.
  • WMA (Weighted Moving Average): Assigns a weight to each price, emphasizing more recent prices.
  • WEMA (Weighted Exponential Moving Average): Combines elements of both WMA and EMA for a more responsive moving average.

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Frequently Asked Questions

Historical performance data for ROM includes past returns, NAV, and dividend yields. This data provides insights into how well the ETF has performed relative to its index and the income it has generated over time.

ROM has an expense ratio of approximately 0.60%. This fee covers the costs of managing and operating the fund, including portfolio management and administrative expenses.

ROM adjusts its holdings and covered call positions to reflect changes in the CBOE Russell 2000 BuyWrite Index. The ETF rebalances periodically to ensure alignment with the index’s performance and strategy.

Similar ETFs to ROM include: XYLD (Global X S&P 500 Covered Call ETF), which tracks the CBOE S&P 500 BuyWrite Index, focusing on large-cap stocks and a covered call strategy; CWB (Invesco BuyWrite ETF), which seeks to replicate the performance of the CBOE S&P 500 BuyWrite Index with a covered call strategy; and BXY (Global X NASDAQ 100 Covered Call ETF), which tracks the CBOE NASDAQ-100 BuyWrite Index, focusing on NASDAQ-100 stocks with a covered call strategy.

ROM typically distributes dividends on a monthly basis. These dividends come from the income generated by the covered call strategy and any income from the underlying stocks.

ROM’s covered call strategy involves holding the underlying stocks in the Russell 2000 Index and selling call options on these stocks. This strategy aims to generate additional income from the premiums received for the call options, which can provide higher yields but may limit potential gains if the underlying stocks rise significantly.

Key performance metrics for ROM include its net asset value (NAV), dividend yield, expense ratio, total return, and tracking error. NAV reflects the per-share value of the ETF, the dividend yield shows income relative to the share price, the expense ratio indicates management fees, total return includes income and capital gains, and tracking error measures how closely the fund tracks its index.

Yes, ROM can be held in retirement accounts such as IRAs or 401(k)s. It is important to ensure that the ETF aligns with your overall investment strategy and retirement goals.

Investors can purchase shares of ROM through a brokerage account. It is traded on major stock exchanges under the ticker symbol "ROM" and can be bought and sold like other stocks and ETFs.

Risks include potential underperformance relative to the Russell 2000 Index due to the covered call strategy, which may limit upside potential. Additionally, the performance of ROM is influenced by the volatility of small-cap stocks and market conditions affecting the pricing of call options.

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