MarketDesk Focused U.S. Momentum ETF (NASDAQ:FMTM) Stock Short Interest Report for October

MarketDesk Focused U.S. Momentum ETF (NASDAQ:FMTM) saw a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 43,713 shares, an increase of 278.2% from the September 30th total of 11,557 shares. Approximately 0.6% of the shares of the stock are short sold. Based on an average trading volume of 186,544 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in MarketDesk Focused U.S. Momentum ETF stock. Worth Asset Management LLC acquired a new stake in shares of MarketDesk Focused U.S. Momentum ETF (NASDAQ:FMTM) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 4,805 shares of the company’s stock, valued at approximately $210,000. Worth Asset Management LLC owned about 0.08% of MarketDesk Focused U.S. Momentum ETF at the end of the most recent reporting period.

MarketDesk Focused U.S. Momentum ETF Stock Down 4.0%

Shares of NASDAQ:FMTM traded down $1.60 during midday trading on Friday, reaching $38.84. The company’s stock had a trading volume of 62,332 shares, compared to its average volume of 142,939. The firm has a market cap of $274.96 million, a price-to-earnings ratio of 29.38 and a beta of 0.98. The business has a 50 day moving average price of $39.19 and a 200 day moving average price of $38.42. MarketDesk Focused U.S. Momentum ETF has a 1 year low of $29.15 and a 1 year high of $48.00.

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.