SMI 3Fourteen Full-Cycle Trend ETF (NASDAQ:FCTE) Sees Large Increase in Short Interest

SMI 3Fourteen Full-Cycle Trend ETF (NASDAQ:FCTEGet Free Report) saw a large growth in short interest in the month of January. As of January 15th, there was short interest totaling 10,210 shares, a growth of 60.5% from the December 31st total of 6,362 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 61,871 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily trading volume, of 61,871 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the company’s shares are sold short.

SMI 3Fourteen Full-Cycle Trend ETF Stock Down 2.1%

Shares of NASDAQ FCTE traded down $0.57 during midday trading on Friday, hitting $26.64. The stock had a trading volume of 32,743 shares, compared to its average volume of 45,257. The company has a fifty day moving average price of $25.58 and a 200 day moving average price of $25.75. The company has a market capitalization of $223.78 million, a price-to-earnings ratio of 28.39 and a beta of 0.78. SMI 3Fourteen Full-Cycle Trend ETF has a 1-year low of $21.55 and a 1-year high of $27.51.

SMI 3Fourteen Full-Cycle Trend ETF Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 26th. Stockholders of record on Wednesday, December 24th were given a dividend of $0.0223 per share. This represents a $0.09 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Wednesday, December 24th.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in SMI 3Fourteen Full-Cycle Trend ETF stock. JPMorgan Chase & Co. bought a new stake in SMI 3Fourteen Full-Cycle Trend ETF (NASDAQ:FCTEFree Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,862 shares of the company’s stock, valued at approximately $50,000.

About SMI 3Fourteen Full-Cycle Trend ETF

(Get Free Report)

The SMI 3Fourteen Full-Cycle Trend ETF (FCTE) is an exchange-traded fund that mostly invests in large cap equity. The fund seeks long-term capital appreciation by actively managing a narrow portfolio of large-cap US stocks. Stock selection is based on a proprietary model that screens for quality metrics and trend factors. FCTE was launched on Jul 2, 2024 and is issued by SMI Funds.

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