MarketDesk Focused U.S. Momentum ETF (NASDAQ:FMTM – Get Free Report) was the recipient of a large decrease in short interest during the month of July. As of July 15th, there was short interest totaling 80,159 shares, a decrease of 35.4% from the June 30th total of 123,996 shares. Approximately 1.3% of the shares of the stock are sold short. Based on an average daily volume of 258,149 shares, the days-to-cover ratio is currently 0.3 days.
Institutional Investors Weigh In On MarketDesk Focused U.S. Momentum ETF
An institutional investor recently bought a new stake in MarketDesk Focused U.S. Momentum ETF stock. Worth Asset Management LLC bought a new stake in shares of MarketDesk Focused U.S. Momentum ETF (NASDAQ:FMTM – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 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 as of its most recent filing with the Securities and Exchange Commission.
MarketDesk Focused U.S. Momentum ETF Trading Up 1.2%
Shares of NASDAQ FMTM opened at $38.40 on Friday. The stock’s 50-day moving average is $40.53 and its 200 day moving average is $38.05. The stock has a market cap of $249.60 million, a price-to-earnings ratio of 29.38 and a beta of 0.82. MarketDesk Focused U.S. Momentum ETF has a 1-year low of $26.48 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.
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