MarketDesk Focused U.S. Momentum ETF (NASDAQ:FMTM) Short Interest Up 163.3% in March

MarketDesk Focused U.S. Momentum ETF (NASDAQ:FMTM) saw a large growth in short interest during the month of March. As of March 13th, there was short interest totaling 9,227 shares, a growth of 163.3% from the February 26th total of 3,505 shares. Currently, 0.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 42,762 shares, the days-to-cover ratio is presently 0.2 days.

MarketDesk Focused U.S. Momentum ETF Stock Performance

FMTM traded down $0.20 during midday trading on Friday, hitting $34.07. The stock had a trading volume of 18,858 shares, compared to its average volume of 36,850. The company has a market cap of $59.96 million, a P/E ratio of 29.38 and a beta of 2.07. MarketDesk Focused U.S. Momentum ETF has a 1 year low of $22.96 and a 1 year high of $37.78. The business has a fifty day moving average of $35.66 and a 200 day moving average of $32.80.

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.