MarketDesk Focused U.S. Momentum ETF (NASDAQ:FMTM) Short Interest Up 118.3% in June

MarketDesk Focused U.S. Momentum ETF (NASDAQ:FMTM) was the target of a significant increase in short interest in June. As of June 15th, there was short interest totaling 58,815 shares, an increase of 118.3% from the May 31st total of 26,947 shares. Based on an average trading volume of 210,935 shares, the days-to-cover ratio is presently 0.3 days. Currently, 2.0% of the company’s stock are sold short.

MarketDesk Focused U.S. Momentum ETF Stock Performance

Shares of FMTM opened at $42.88 on Tuesday. The company has a market capitalization of $125.21 million, a P/E ratio of 29.38 and a beta of 0.93. MarketDesk Focused U.S. Momentum ETF has a one year low of $26.02 and a one year high of $48.00. The stock has a 50-day moving average price of $40.62 and a 200 day moving average price of $36.93.

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.