MarketDesk Focused U.S. Momentum ETF (NASDAQ:FMTM – Get Free Report) was the recipient of a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 54,915 shares, an increase of 102.2% from the April 30th total of 27,157 shares. Currently, 1.9% of the shares of the company are sold short. Based on an average trading volume of 196,679 shares, the days-to-cover ratio is currently 0.3 days.
MarketDesk Focused U.S. Momentum ETF Stock Performance
FMTM remained flat at $40.95 on Tuesday. 202,241 shares of the company traded hands, compared to its average volume of 77,882. The firm has a market capitalization of $119.57 million, a price-to-earnings ratio of 29.38 and a beta of 0.93. MarketDesk Focused U.S. Momentum ETF has a 52-week low of $25.52 and a 52-week high of $42.21. The company’s fifty day simple moving average is $38.19 and its two-hundred day simple moving average is $35.47.
About MarketDesk Focused U.S. Momentum ETF
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