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

SMI 3Fourteen Full-Cycle Trend ETF (NASDAQ:FCTE) was the recipient of a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 4,920 shares, a growth of 507.4% from the April 30th total of 810 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 21,403 shares, the days-to-cover ratio is currently 0.2 days.

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

Shares of SMI 3Fourteen Full-Cycle Trend ETF stock traded up $0.19 during midday trading on Thursday, hitting $27.24. The company had a trading volume of 1,457 shares, compared to its average volume of 28,405. The stock has a market cap of $231.54 million, a price-to-earnings ratio of 28.39 and a beta of 0.89. The company has a fifty day simple moving average of $26.26 and a 200 day simple moving average of $25.93. SMI 3Fourteen Full-Cycle Trend ETF has a 12-month low of $23.89 and a 12-month high of $27.68.

Hedge Funds Weigh In On 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. purchased a new position in SMI 3Fourteen Full-Cycle Trend ETF (NASDAQ:FCTE) during the 3rd quarter, according to the company in its most recent filing with the SEC. 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.