MarketDesk Focused U.S. Momentum ETF (NASDAQ:FMTM – Get Free Report) was the target of a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 11,557 shares, a decrease of 89.7% from the September 15th total of 112,666 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 172,780 shares, the days-to-cover ratio is presently 0.1 days.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in MarketDesk Focused U.S. Momentum ETF stock. Worth Asset Management LLC bought a new position in MarketDesk Focused U.S. Momentum ETF (NASDAQ:FMTM – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 4,805 shares of the company’s stock, valued at approximately $210,000. Worth Asset Management LLC owned approximately 0.08% of MarketDesk Focused U.S. Momentum ETF at the end of the most recent quarter.
MarketDesk Focused U.S. Momentum ETF Stock Up 2.0%
Shares of FMTM opened at $40.77 on Friday. The business’s 50 day moving average price is $39.09 and its 200-day moving average price is $39.25. MarketDesk Focused U.S. Momentum ETF has a 52 week low of $28.92 and a 52 week high of $48.00. The stock has a market cap of $286.21 million, a P/E ratio of 29.38 and a beta of 0.98.
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.
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