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

SMI 3Fourteen Full-Cycle Trend ETF (NASDAQ:FCTE) was the target of a significant decline in short interest in the month of April. As of April 30th, there was short interest totaling 810 shares, a decline of 74.2% from the April 15th total of 3,134 shares. Based on an average daily volume of 20,050 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

Institutional Trading of SMI 3Fourteen Full-Cycle Trend ETF

An institutional investor recently bought a new position in SMI 3Fourteen Full-Cycle Trend ETF stock. JPMorgan Chase & Co. acquired a new position in SMI 3Fourteen Full-Cycle Trend ETF (NASDAQ:FCTE) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,862 shares of the company’s stock, valued at approximately $50,000.

SMI 3Fourteen Full-Cycle Trend ETF Stock Down 1.2%

NASDAQ:FCTE traded down $0.32 during mid-day trading on Friday, hitting $26.33. 2,725 shares of the company traded hands, compared to its average volume of 29,835. The stock’s fifty day moving average price is $26.11 and its 200-day moving average price is $25.82. SMI 3Fourteen Full-Cycle Trend ETF has a one year low of $23.89 and a one year high of $27.68. The firm has a market cap of $223.81 million, a price-to-earnings ratio of 28.39 and a beta of 0.89.

SMI 3Fourteen Full-Cycle Trend ETF Company Profile

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.