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

MarketDesk Focused U.S. Momentum ETF (NASDAQ:FMTM) saw a significant decrease in short interest in the month of February. As of February 27th, there was short interest totaling 3,505 shares, a decrease of 83.8% from the February 12th total of 21,615 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 22,338 shares, the short-interest ratio is presently 0.2 days. Based on an average daily trading volume, of 22,338 shares, the short-interest ratio is presently 0.2 days. Currently, 0.2% of the company’s stock are sold short.

MarketDesk Focused U.S. Momentum ETF Stock Performance

MarketDesk Focused U.S. Momentum ETF stock traded up $0.28 during midday trading on Tuesday, reaching $35.33. The stock had a trading volume of 42,816 shares, compared to its average volume of 39,998. The firm’s fifty day simple moving average is $35.47 and its 200-day simple moving average is $32.28. MarketDesk Focused U.S. Momentum ETF has a 1-year low of $22.96 and a 1-year high of $37.78. The stock has a market capitalization of $62.18 million, a P/E ratio of 29.38 and a beta of 2.07.

MarketDesk Focused U.S. Momentum ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Wednesday, December 24th. Stockholders of record on Tuesday, December 23rd were paid a dividend of $0.0952 per share. The ex-dividend date of this dividend was Tuesday, December 23rd.

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.