MarketDesk Focused U.S. Momentum ETF (NASDAQ:FMTM) Short Interest Update

MarketDesk Focused U.S. Momentum ETF (NASDAQ:FMTM) was the target of a significant increase in short interest in the month of 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. Currently, 2.0% of the company’s shares are short sold. Based on an average daily trading volume, of 210,935 shares, the short-interest ratio is currently 0.3 days.

MarketDesk Focused U.S. Momentum ETF Stock Down 2.7%

MarketDesk Focused U.S. Momentum ETF stock traded down $1.20 during trading hours on Wednesday, reaching $42.44. 290,970 shares of the company’s stock were exchanged, compared to its average volume of 106,466. The firm’s 50 day simple moving average is $40.73 and its 200 day simple moving average is $37.01. MarketDesk Focused U.S. Momentum ETF has a twelve month low of $26.02 and a twelve month high of $48.00. The firm has a market capitalization of $123.92 million, a PE ratio of 29.38 and a beta of 0.93.

About MarketDesk Focused U.S. Momentum ETF

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.