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

SMI 3Fourteen Full-Cycle Trend ETF (NASDAQ:FCTE) was the target of a large increase in short interest in May. As of May 15th, there was short interest totaling 4,920 shares, an increase 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 trading volume of 21,403 shares, the short-interest ratio is presently 0.2 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in SMI 3Fourteen Full-Cycle Trend ETF stock. JPMorgan Chase & Co. acquired a new position in shares of SMI 3Fourteen Full-Cycle Trend ETF (NASDAQ:FCTE) in the third quarter, according to its most recent 13F filing with the SEC. 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 1.1%

FCTE stock traded down $0.31 during trading on Friday, hitting $26.89. 49,257 shares of the company’s stock traded hands, compared to its average volume of 28,807. The stock has a market capitalization of $228.57 million, a price-to-earnings ratio of 28.39 and a beta of 0.89. SMI 3Fourteen Full-Cycle Trend ETF has a 52 week low of $23.89 and a 52 week high of $27.68. The stock has a fifty day moving average price of $26.32 and a two-hundred day moving average price of $25.96.

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.