Short Interest in MarketDesk Focused U.S. Momentum ETF (NASDAQ:FMTM) Decreases By 50.9%

MarketDesk Focused U.S. Momentum ETF (NASDAQ:FMTM) was the recipient of a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 26,947 shares, a decline of 50.9% from the May 14th total of 54,915 shares. Approximately 0.9% of the shares of the stock are short sold. Based on an average daily trading volume, of 166,751 shares, the days-to-cover ratio is presently 0.2 days.

MarketDesk Focused U.S. Momentum ETF Stock Performance

NASDAQ FMTM opened at $41.44 on Friday. MarketDesk Focused U.S. Momentum ETF has a 1 year low of $25.81 and a 1 year high of $48.00. The business’s fifty day moving average is $39.36 and its two-hundred day moving average is $36.08. The stock has a market capitalization of $121.00 million, a P/E 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.