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

SMI 3Fourteen Full-Cycle Trend ETF (NASDAQ:FCTE) saw a significant decrease in short interest in April. As of April 30th, there was short interest totaling 810 shares, a decrease of 74.2% from the April 15th total of 3,134 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 20,050 shares, the short-interest ratio is presently 0.0 days.

SMI 3Fourteen Full-Cycle Trend ETF Price Performance

FCTE stock traded down $0.01 during midday trading on Wednesday, reaching $26.52. 10,575 shares of the stock were exchanged, compared to its average volume of 30,261. SMI 3Fourteen Full-Cycle Trend ETF has a 52 week low of $23.89 and a 52 week high of $27.68. The company has a fifty day moving average price of $26.11 and a 200 day moving average price of $25.81. The stock has a market capitalization of $225.42 million, a PE ratio of 28.39 and a beta of 0.89.

Institutional Inflows and Outflows

A hedge fund 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 third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 1,862 shares of the company’s stock, valued at approximately $50,000.

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.