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

SMI 3Fourteen Full-Cycle Trend ETF (NASDAQ:FCTE) was the recipient of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 22,066 shares, an increase of 50.7% from the August 31st total of 14,643 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average daily trading volume, of 20,597 shares, the short-interest ratio is currently 1.1 days.

SMI 3Fourteen Full-Cycle Trend ETF Stock Up 0.7%

Shares of NASDAQ:FCTE traded up $0.20 during midday trading on Thursday, hitting $29.11. 12,320 shares of the stock traded hands, compared to its average volume of 25,429. The stock has a market capitalization of $238.66 million, a PE ratio of 28.39 and a beta of 0.74. SMI 3Fourteen Full-Cycle Trend ETF has a one year low of $23.89 and a one year high of $30.75. The business’s 50 day moving average is $29.18 and its two-hundred day moving average is $27.83.

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.