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

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

Hedge Funds Weigh In On SMI 3Fourteen Full-Cycle Trend ETF

An institutional investor recently bought a new stake in SMI 3Fourteen Full-Cycle Trend ETF stock. JPMorgan Chase & Co. bought a new position in shares of SMI 3Fourteen Full-Cycle Trend ETF (NASDAQ:FCTE) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,862 shares of the company’s stock, valued at approximately $50,000.

SMI 3Fourteen Full-Cycle Trend ETF Stock Performance

Shares of NASDAQ FCTE traded down $0.08 during mid-day trading on Wednesday, hitting $28.77. 140,284 shares of the stock were exchanged, compared to its average volume of 28,541. SMI 3Fourteen Full-Cycle Trend ETF has a twelve month low of $23.89 and a twelve month high of $29.73. The stock’s fifty day simple moving average is $27.67 and its two-hundred day simple moving average is $26.71. The company has a market cap of $241.67 million, a P/E ratio of 28.39 and a beta of 0.75.

About SMI 3Fourteen Full-Cycle Trend ETF

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.