MarketDesk Focused U.S. Momentum ETF (NASDAQ:FMTM – Get Free Report) saw a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 43,713 shares, a growth of 278.2% from the September 30th total of 11,557 shares. Currently, 0.6% of the company’s stock are sold short. Based on an average daily trading volume, of 186,544 shares, the short-interest ratio is presently 0.2 days.
MarketDesk Focused U.S. Momentum ETF Stock Up 1.0%
Shares of NASDAQ:FMTM traded up $0.39 during midday trading on Wednesday, reaching $40.77. The company had a trading volume of 97,414 shares, compared to its average volume of 143,669. MarketDesk Focused U.S. Momentum ETF has a 1-year low of $29.15 and a 1-year high of $48.00. The business’s 50 day moving average price is $39.13 and its 200 day moving average price is $38.35. The stock has a market cap of $288.65 million, a PE ratio of 29.38 and a beta of 0.98.
Institutional Inflows and Outflows
An institutional investor recently bought a new stake in MarketDesk Focused U.S. Momentum ETF stock. Worth Asset Management LLC purchased a new stake in shares of MarketDesk Focused U.S. Momentum ETF (NASDAQ:FMTM – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 4,805 shares of the company’s stock, valued at approximately $210,000. Worth Asset Management LLC owned about 0.08% of MarketDesk Focused U.S. Momentum ETF at the end of the most recent quarter.
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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