MarketDesk Focused U.S. Momentum ETF (NASDAQ:FMTM) Shares Down 3.3% – Here’s Why

MarketDesk Focused U.S. Momentum ETF (NASDAQ:FMTMGet Free Report)’s stock price dropped 3.3% during mid-day trading on Friday . The company traded as low as $31.75 and last traded at $31.82. Approximately 7,699 shares were traded during mid-day trading, a decline of 34% from the average daily volume of 11,656 shares. The stock had previously closed at $32.91.

MarketDesk Focused U.S. Momentum ETF Trading Down 3.3%

The stock has a market cap of $34.68 million, a P/E ratio of 29.38 and a beta of 2.07. The firm’s fifty day moving average is $31.07 and its 200 day moving average is $28.60.

About MarketDesk Focused U.S. Momentum ETF

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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.

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