MarketDesk Focused U.S. Momentum ETF (NASDAQ:FMTM) Short Interest Down 50.9% in May

MarketDesk Focused U.S. Momentum ETF (NASDAQ:FMTM – Get Free Report) saw a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 26,947 shares, a decline of 50.9% from the May 14th total of 54,915 shares. Based on an average trading volume of 166,751 shares, the short-interest ratio is presently 0.2 days. Approximately 0.9% of the shares of the stock are short sold.

MarketDesk Focused U.S. Momentum ETF Trading Up 0.9%

NASDAQ:FMTM opened at $41.44 on Friday. MarketDesk Focused U.S. Momentum ETF has a 1 year low of $25.81 and a 1 year high of $48.00. The stock has a market capitalization of $121.00 million, a P/E ratio of 29.38 and a beta of 0.93. The firm has a 50 day moving average of $39.36 and a 200-day moving average of $36.08.

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About MarketDesk Focused U.S. Momentum ETF

(Get Free Report)

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.

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