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

MarketDesk Focused U.S. Momentum ETF (NASDAQ:FMTM) was the recipient of a large decline in short interest in 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. Approximately 0.9% of the company’s stock are short sold. Based on an average trading volume of 166,751 shares, the short-interest ratio is currently 0.2 days.

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

Shares of FMTM traded up $0.35 during trading on Friday, reaching $41.44. The company’s stock had a trading volume of 189,345 shares, compared to its average volume of 86,149. The company has a market cap of $121.00 million, a price-to-earnings ratio of 29.38 and a beta of 0.93. MarketDesk Focused U.S. Momentum ETF has a twelve month low of $25.81 and a twelve month high of $48.00. The company has a fifty day moving average of $39.36 and a two-hundred day moving average of $36.12.

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.