MarketDesk Focused U.S. Momentum ETF (NASDAQ:FMTM – Get Free Report) was the target of a large drop in short interest in the month of September. As of September 30th, there was short interest totaling 11,557 shares, a drop of 89.7% from the September 15th total of 112,666 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 172,780 shares, the short-interest ratio is currently 0.1 days.
Institutional Trading of MarketDesk Focused U.S. Momentum ETF
A hedge fund recently bought a new position in MarketDesk Focused U.S. Momentum ETF stock. Worth Asset Management LLC purchased a new stake in MarketDesk Focused U.S. Momentum ETF (NASDAQ:FMTM – Free Report) during the second quarter, according to its most recent filing with the SEC. The firm purchased 4,805 shares of the company’s stock, valued at approximately $210,000. Worth Asset Management LLC owned 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
Shares of NASDAQ:FMTM traded up $0.80 during trading hours on Friday, hitting $40.77. The company’s stock had a trading volume of 194,299 shares, compared to its average volume of 143,437. The firm’s fifty day moving average price is $39.09 and its 200 day moving average price is $39.25. MarketDesk Focused U.S. Momentum ETF has a 52 week low of $28.92 and a 52 week high of $48.00. The company has a market capitalization of $286.21 million, a price-to-earnings ratio of 29.38 and a beta of 0.98.
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.
See Also
- Five stocks we like better than MarketDesk Focused U.S. Momentum ETF
- 3 Stocks Chopped in Half: Why These Drops May Be Structural, Not a Dip
- Home Depot and Lowe’s Hit 52-Week Lows—But Analysts Aren’t Giving Up
- Utilities Are Bouncing Back—These 2 Giants Could Signal the Next Big Sector Rally
- Q3 Earnings Could Blow Past Consensus—Be Ready for What Comes Next
Receive News & Ratings for MarketDesk Focused U.S. Momentum ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MarketDesk Focused U.S. Momentum ETF and related companies with MarketBeat.com's FREE daily email newsletter.
