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

MarketDesk Focused U.S. Momentum ETF (NASDAQ:FMTMGet 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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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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