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

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

MarketDesk Focused U.S. Momentum ETF Stock Up 2.0%

NASDAQ:FMTM traded up $0.82 during midday trading on Monday, hitting $42.26. The stock had a trading volume of 449,824 shares, compared to its average volume of 89,367. MarketDesk Focused U.S. Momentum ETF has a one year low of $25.82 and a one year high of $48.00. The company has a market capitalization of $123.40 million, a price-to-earnings ratio of 29.38 and a beta of 0.93. The stock has a 50-day moving average of $39.49 and a 200 day moving average of $36.20.

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.