MarketDesk Focused U.S. Momentum ETF (NASDAQ:FMTM – Get Free Report) saw a significant decline in short interest in the month of September. As of September 30th, there was short interest totaling 11,557 shares, a decline of 89.7% from the September 15th total of 112,666 shares. Based on an average daily trading volume, of 172,780 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.2% of the company’s shares are short sold.
Institutional Investors Weigh In On MarketDesk Focused U.S. Momentum ETF
A hedge fund recently raised its stake in MarketDesk Focused U.S. Momentum ETF stock. Farther Finance Advisors LLC boosted its position in MarketDesk Focused U.S. Momentum ETF (NASDAQ:FMTM – Free Report) by 78.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 43,854 shares of the company’s stock after purchasing an additional 19,293 shares during the quarter. Farther Finance Advisors LLC owned approximately 0.62% of MarketDesk Focused U.S. Momentum ETF worth $1,711,000 at the end of the most recent quarter.
MarketDesk Focused U.S. Momentum ETF Price Performance
Shares of FMTM opened at $40.77 on Friday. The company has a 50-day simple moving average of $39.09 and a two-hundred day simple moving average of $39.25. The firm has a market capitalization of $286.21 million, a PE ratio of 29.38 and a beta of 0.98. MarketDesk Focused U.S. Momentum ETF has a one year low of $28.92 and a one year high of $48.00.
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.
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