Short Interest in MarketDesk Focused U.S. Momentum ETF (NASDAQ:FMTM) Rises By 102.2%

MarketDesk Focused U.S. Momentum ETF (NASDAQ:FMTM) saw a significant growth in short interest in May. As of May 15th, there was short interest totaling 54,915 shares, a growth of 102.2% from the April 30th total of 27,157 shares. Based on an average daily volume of 196,679 shares, the short-interest ratio is currently 0.3 days. Approximately 1.9% of the shares of the stock are short sold.

MarketDesk Focused U.S. Momentum ETF Price Performance

Shares of FMTM stock traded up $0.36 on Monday, reaching $40.99. 108,143 shares of the stock were exchanged, compared to its average volume of 76,266. MarketDesk Focused U.S. Momentum ETF has a one year low of $25.52 and a one year high of $41.97. The stock has a market cap of $119.69 million, a PE ratio of 29.38 and a beta of 0.99. The stock has a 50 day moving average price of $38.07 and a 200 day moving average price of $35.41.

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.