Short Interest in MarketDesk Focused U.S. Momentum ETF (NASDAQ:FMTM) Grows By 391.1%

MarketDesk Focused U.S. Momentum ETF (NASDAQ:FMTM) was the target of a large growth in short interest during the month of February. As of February 13th, there was short interest totaling 21,615 shares, a growth of 391.1% from the January 29th total of 4,401 shares. Based on an average daily trading volume, of 41,071 shares, the days-to-cover ratio is presently 0.5 days. Approximately 1.2% of the shares of the company are sold short. Approximately 1.2% of the shares of the company are sold short. Based on an average daily trading volume, of 41,071 shares, the days-to-cover ratio is presently 0.5 days.

MarketDesk Focused U.S. Momentum ETF Stock Up 0.8%

FMTM opened at $37.44 on Thursday. The stock’s 50 day moving average price is $34.83 and its two-hundred day moving average price is $31.68. The firm has a market capitalization of $65.89 million, a P/E ratio of 29.38 and a beta of 2.07. MarketDesk Focused U.S. Momentum ETF has a 12-month low of $22.96 and a 12-month high of $37.67.

MarketDesk Focused U.S. Momentum ETF Announces Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, December 24th. Stockholders of record on Tuesday, December 23rd were issued a dividend of $0.0952 per share. The ex-dividend date was Tuesday, December 23rd.

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.