RODE Stock Summary and Trading Ideas (Hartford Multifactor Diversified International ETF | BATS:RODE)

Hartford Multifactor Diversified International ETF ("RODE") seeks to provide investment results that, before fees and expenses, correspond to the total return performance of an index that tracks the performance of companies located in both developed and emerging markets. The rules-based proprietary methodology utilizes an optimization process to help achieve the desired composition and targeted characteristics, including reduced volatility, relative sector, country and size constraints and positive value, momentum, and quality relative factor scores at the portfolio level.

Hartford Multifactor Diversified International ETF trades on the BATS stock market under the symbol RODE.

As of May 14, 2024, RODE stock price was flat at $28.31 with million shares trading.

RODE has a market cap of $18.40 million. This is considered a Sub-Micro Cap stock.

In the last 3 years, RODE stock traded as high as $30.04 and as low as $21.47.

RODE stock has underperformed the market in the last year with a return of +15.2%, while SPY returned +28.4%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in RODE shares. However, RODE has outperformed the market in the last 3 month and 2 week periods, returning +8.1% and +2.3%, while SPY returned +5.9% and +2.3%, respectively. This indicates RODE has been having a stronger performance recently.

RODE support price is $28.13 and resistance is $28.49 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that RODE stock will trade within this expected range on the day.