MarketDesk Focused U.S. Momentum ETF (NASDAQ:FMTM) Sees Large Increase in Short Interest

MarketDesk Focused U.S. Momentum ETF (NASDAQ:FMTM) was the target of a significant increase in short interest in the month of April. As of April 15th, there was short interest totaling 16,090 shares, an increase of 152.2% from the March 31st total of 6,379 shares. Based on an average daily trading volume, of 85,087 shares, the short-interest ratio is currently 0.2 days. Approximately 0.6% of the shares of the company are short sold.

MarketDesk Focused U.S. Momentum ETF Stock Performance

NASDAQ FMTM opened at $38.83 on Tuesday. The firm has a 50-day simple moving average of $36.15 and a 200 day simple moving average of $33.93. MarketDesk Focused U.S. Momentum ETF has a twelve month low of $24.71 and a twelve month high of $39.12. The stock has a market cap of $106.01 million, a PE ratio of 29.38 and a beta of 1.79.

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.