SMI 3Fourteen Full-Cycle Trend ETF (NASDAQ:FCTE) Short Interest Update

SMI 3Fourteen Full-Cycle Trend ETF (NASDAQ:FCTE) saw a significant increase in short interest in June. As of June 30th, there was short interest totaling 7,315 shares, an increase of 104.8% from the June 15th total of 3,571 shares. Based on an average daily trading volume, of 20,867 shares, the short-interest ratio is presently 0.4 days. Currently, 0.1% of the company’s stock are short sold.

SMI 3Fourteen Full-Cycle Trend ETF Price Performance

Shares of NASDAQ FCTE traded down $0.08 during trading hours on Wednesday, hitting $28.77. 140,284 shares of the company’s stock were exchanged, compared to its average volume of 28,541. The company’s 50-day moving average price is $27.67 and its 200-day moving average price is $26.71. SMI 3Fourteen Full-Cycle Trend ETF has a 1-year low of $23.89 and a 1-year high of $29.73. The stock has a market capitalization of $241.67 million, a price-to-earnings ratio of 28.39 and a beta of 0.75.

Institutional Investors Weigh In On SMI 3Fourteen Full-Cycle Trend ETF

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

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.