MarketDesk Focused U.S. Momentum ETF (NASDAQ:FMTM – Get Free Report) was the target of a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 43,713 shares, an increase of 278.2% from the September 30th total of 11,557 shares. Based on an average trading volume of 186,544 shares, the short-interest ratio is presently 0.2 days. Approximately 0.6% of the company’s shares are short sold.
Hedge Funds Weigh In On MarketDesk Focused U.S. Momentum ETF
An institutional investor recently bought a new position in MarketDesk Focused U.S. Momentum ETF stock. Worth Asset Management LLC acquired a new stake in MarketDesk Focused U.S. Momentum ETF (NASDAQ:FMTM – Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 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 reporting period.
MarketDesk Focused U.S. Momentum ETF Stock Performance
Shares of NASDAQ FMTM traded down $0.33 during trading on Thursday, reaching $40.44. The stock had a trading volume of 102,180 shares, compared to its average volume of 143,469. The stock has a market cap of $286.32 million, a PE ratio of 29.38 and a beta of 0.98. The firm’s 50 day moving average price is $39.16 and its two-hundred day moving average price is $38.38. MarketDesk Focused U.S. Momentum ETF has a one year low of $29.15 and a one year high of $48.00.
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.
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