MarketDesk Focused U.S. Momentum ETF (NASDAQ:FMTM – Get Free Report) was the target of a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 80,159 shares, a drop of 35.4% from the June 30th total of 123,996 shares. Based on an average daily volume of 258,149 shares, the short-interest ratio is presently 0.3 days. Currently, 1.3% of the company’s stock are sold short.
Institutional Trading of MarketDesk Focused U.S. Momentum ETF
An institutional investor recently bought a new stake in MarketDesk Focused U.S. Momentum ETF stock. Worth Asset Management LLC bought a new position in MarketDesk Focused U.S. Momentum ETF (NASDAQ:FMTM – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,805 shares of the company’s stock, valued at approximately $210,000. Worth Asset Management LLC owned about 0.08% of MarketDesk Focused U.S. Momentum ETF at the end of the most recent quarter.
MarketDesk Focused U.S. Momentum ETF Price Performance
FMTM traded up $0.58 during trading hours on Friday, hitting $38.54. 189,874 shares of the stock were exchanged, compared to its average volume of 123,490. The stock has a market cap of $250.51 million, a price-to-earnings ratio of 29.38 and a beta of 0.82. The stock has a 50-day simple moving average of $40.57 and a 200-day simple moving average of $38.05. MarketDesk Focused U.S. Momentum ETF has a 12 month low of $26.48 and a 12 month high of $48.00.
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.
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