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

MarketDesk Focused U.S. Momentum ETF (NASDAQ:FMTM) was the recipient of a significant increase in short interest in June. As of June 15th, there was short interest totaling 58,815 shares, an increase of 118.3% from the May 31st total of 26,947 shares. Based on an average trading volume of 210,935 shares, the days-to-cover ratio is presently 0.3 days. Approximately 2.0% of the shares of the stock are short sold.

MarketDesk Focused U.S. Momentum ETF Stock Performance

Shares of NASDAQ:FMTM opened at $42.29 on Thursday. The stock has a market capitalization of $123.49 million, a price-to-earnings ratio of 29.38 and a beta of 0.93. MarketDesk Focused U.S. Momentum ETF has a 1-year low of $26.02 and a 1-year high of $48.00. The company has a 50 day moving average price of $40.80 and a 200 day moving average price of $37.07.

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.