SMI 3Fourteen Full-Cycle Trend ETF (NASDAQ:FCTE) Short Interest Up 387.0% in December

SMI 3Fourteen Full-Cycle Trend ETF (NASDAQ:FCTE) was the target of a significant growth in short interest during the month of December. As of December 15th, there was short interest totaling 7,578 shares, a growth of 387.0% from the November 30th total of 1,556 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily trading volume, of 52,401 shares, the short-interest ratio is presently 0.1 days. Based on an average daily trading volume, of 52,401 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the company’s stock are sold short.

Institutional Investors Weigh In On SMI 3Fourteen Full-Cycle Trend ETF

Several institutional investors have recently modified their holdings of FCTE. Flow Traders U.S. LLC purchased a new position in SMI 3Fourteen Full-Cycle Trend ETF in the 2nd quarter worth about $644,000. Ancora Advisors LLC boosted its holdings in shares of SMI 3Fourteen Full-Cycle Trend ETF by 333.3% during the 1st quarter. Ancora Advisors LLC now owns 13,000 shares of the company’s stock valued at $326,000 after acquiring an additional 10,000 shares during the last quarter. Finally, JPMorgan Chase & Co. purchased a new stake in shares of SMI 3Fourteen Full-Cycle Trend ETF during the 3rd quarter valued at about $50,000.

SMI 3Fourteen Full-Cycle Trend ETF Stock Performance

Shares of NASDAQ:FCTE remained flat at $25.42 during trading on Friday. 20,101 shares of the stock were exchanged, compared to its average volume of 93,501. The company has a market capitalization of $279.62 million, a PE ratio of 28.39 and a beta of 0.78. The firm’s 50-day moving average price is $24.99 and its 200-day moving average price is $25.79. SMI 3Fourteen Full-Cycle Trend ETF has a 1 year low of $21.55 and a 1 year high of $27.74.

SMI 3Fourteen Full-Cycle Trend ETF Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 26th. Shareholders of record on Wednesday, December 24th will be issued a $0.0223 dividend. The ex-dividend date of this dividend is Wednesday, December 24th. This represents a $0.09 dividend on an annualized basis and a dividend yield of 0.4%.

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.