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

MarketDesk Focused U.S. Momentum ETF (NASDAQ:FMTM) saw a large drop in short interest in February. As of February 27th, there was short interest totaling 3,505 shares, a drop of 83.8% from the February 12th total of 21,615 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 22,338 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 22,338 shares, the short-interest ratio is presently 0.2 days. Currently, 0.2% of the company’s stock are short sold.

MarketDesk Focused U.S. Momentum ETF Price Performance

Shares of MarketDesk Focused U.S. Momentum ETF stock traded down $1.21 on Thursday, reaching $34.22. 35,292 shares of the company were exchanged, compared to its average volume of 39,771. MarketDesk Focused U.S. Momentum ETF has a 1-year low of $22.96 and a 1-year high of $37.78. The company has a market cap of $60.23 million, a P/E ratio of 29.38 and a beta of 2.07. The stock’s 50 day moving average price is $35.58 and its 200-day moving average price is $32.31.

MarketDesk Focused U.S. Momentum ETF Announces Dividend

The company also recently declared a dividend, which was paid on Wednesday, December 24th. Investors of record on Tuesday, December 23rd were paid a $0.0952 dividend. The ex-dividend date was Tuesday, December 23rd.

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.