Short Interest in MarketDesk Focused U.S. Momentum ETF (NASDAQ:FMTM) Declines By 35.4%

MarketDesk Focused U.S. Momentum ETF (NASDAQ:FMTM) was the recipient of a large drop in short interest in 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. Currently, 1.3% of the shares of the stock are sold short. Based on an average daily volume of 258,149 shares, the days-to-cover ratio is presently 0.3 days.

MarketDesk Focused U.S. Momentum ETF Trading Up 1.5%

FMTM traded up $0.58 during midday trading on Friday, hitting $38.54. The company’s stock had a trading volume of 189,874 shares, compared to its average volume of 123,490. MarketDesk Focused U.S. Momentum ETF has a 52-week low of $26.48 and a 52-week high of $48.00. The firm has a 50-day moving average price of $40.57 and a two-hundred day moving average price of $38.05. The firm has a market cap of $250.51 million, a P/E ratio of 29.38 and a beta of 0.82.

Hedge Funds Weigh In On MarketDesk Focused U.S. Momentum ETF

An institutional investor recently bought a new position in MarketDesk Focused U.S. Momentum ETF stock. Worth Asset Management LLC purchased a new position in MarketDesk Focused U.S. Momentum ETF (NASDAQ:FMTM) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 4,805 shares of the company’s stock, valued at approximately $210,000. Worth Asset Management LLC owned approximately 0.08% of MarketDesk Focused U.S. Momentum ETF as of its most recent filing with the Securities & Exchange Commission.

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.