MarketDesk Focused U.S. Momentum ETF (NASDAQ:FMTM) Short Interest Update

MarketDesk Focused U.S. Momentum ETF (NASDAQ:FMTM) was the target of a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 54,915 shares, a growth of 102.2% from the April 30th total of 27,157 shares. Based on an average trading volume of 196,679 shares, the days-to-cover ratio is presently 0.3 days. Approximately 1.9% of the shares of the stock are sold short.

MarketDesk Focused U.S. Momentum ETF Price Performance

Shares of MarketDesk Focused U.S. Momentum ETF stock opened at $40.95 on Wednesday. The business has a 50 day simple moving average of $38.19 and a two-hundred day simple moving average of $35.47. MarketDesk Focused U.S. Momentum ETF has a 12 month low of $25.52 and a 12 month high of $42.21. The stock has a market capitalization of $119.57 million, a P/E ratio of 29.38 and a beta of 0.93.

MarketDesk Focused U.S. Momentum ETF Company Profile

EA Series Trust – MarketDesk Focused U.S. Momentum ETF is an exchange traded fund launched and managed by Empowered Funds, LLC. The fund is co-managed by Marketdesk Indices LLC. It invests in public equity markets of the United States. The fund invests in stocks of companies operating across diversified sectors. It invests in momentum stocks of companies across diversified market capitalization. The fund employs quantitative analysis to create its portfolio. The fund employs proprietary research to create its portfolio.