MarketDesk Focused U.S. Momentum ETF (NASDAQ:FMTM – Get Free Report) saw a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 80,159 shares, a decline of 35.4% from the June 30th total of 123,996 shares. Based on an average daily volume of 258,149 shares, the short-interest ratio is presently 0.3 days. Approximately 1.3% of the company’s shares are sold short.
MarketDesk Focused U.S. Momentum ETF Stock Performance
NASDAQ FMTM opened at $38.40 on Friday. MarketDesk Focused U.S. Momentum ETF has a fifty-two week low of $26.48 and a fifty-two week high of $48.00. The stock has a 50 day simple moving average of $40.53 and a two-hundred day simple moving average of $38.05. The stock has a market cap of $249.60 million, a P/E ratio of 29.38 and a beta of 0.82.
Institutional Trading of MarketDesk Focused U.S. Momentum ETF
An institutional investor recently bought a new stake in MarketDesk Focused U.S. Momentum ETF stock. Worth Asset Management LLC bought a new stake in MarketDesk Focused U.S. Momentum ETF (NASDAQ:FMTM – Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 4,805 shares of the company’s stock, valued at approximately $210,000. Worth Asset Management LLC owned 0.08% of MarketDesk Focused U.S. Momentum ETF as of its most recent SEC filing.
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.
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