Short Interest in SMI 3Fourteen Full-Cycle Trend ETF (NASDAQ:FCTE) Decreases By 50.7%

SMI 3Fourteen Full-Cycle Trend ETF (NASDAQ:FCTE) was the target of a significant drop in short interest in the month of June. As of June 15th, there was short interest totaling 3,571 shares, a drop of 50.7% from the May 31st total of 7,239 shares. Based on an average daily volume of 19,728 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the shares of the company are sold short.

SMI 3Fourteen Full-Cycle Trend ETF Trading Up 0.8%

NASDAQ:FCTE traded up $0.23 on Tuesday, hitting $29.17. The company’s stock had a trading volume of 7,042 shares, compared to its average volume of 27,179. The stock has a fifty day moving average of $27.27 and a two-hundred day moving average of $26.41. The firm has a market capitalization of $247.94 million, a P/E ratio of 28.39 and a beta of 0.83. SMI 3Fourteen Full-Cycle Trend ETF has a one year low of $23.89 and a one year high of $29.24.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in SMI 3Fourteen Full-Cycle Trend ETF stock. JPMorgan Chase & Co. purchased a new stake in SMI 3Fourteen Full-Cycle Trend ETF (NASDAQ:FCTE) during the third quarter, according to the company in its most recent 13F filing 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.