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

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

MarketDesk Focused U.S. Momentum ETF Stock Performance

Shares of NASDAQ FMTM traded up $0.36 during mid-day trading on Monday, hitting $40.99. 108,143 shares of the stock were exchanged, compared to its average volume of 76,266. The stock’s fifty day simple moving average is $38.07 and its two-hundred day simple moving average is $35.41. MarketDesk Focused U.S. Momentum ETF has a twelve month low of $25.52 and a twelve month high of $41.97. The company has a market cap of $119.69 million, a P/E ratio of 29.38 and a beta of 0.99.

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.