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

SMI 3Fourteen Full-Cycle Trend ETF (NASDAQ:FCTE) saw a significant drop in short interest during the month of February. As of February 27th, there was short interest totaling 38,550 shares, a drop of 61.6% from the February 12th total of 100,409 shares. Based on an average daily trading volume, of 15,940 shares, the days-to-cover ratio is presently 2.4 days. Approximately 0.5% of the company’s stock are short sold. Approximately 0.5% of the company’s stock are short sold. Based on an average daily trading volume, of 15,940 shares, the days-to-cover ratio is presently 2.4 days.

SMI 3Fourteen Full-Cycle Trend ETF Stock Performance

Shares of NASDAQ FCTE opened at $25.92 on Wednesday. SMI 3Fourteen Full-Cycle Trend ETF has a fifty-two week low of $21.55 and a fifty-two week high of $27.51. The company has a market cap of $217.73 million, a PE ratio of 28.39 and a beta of 0.78. The business has a 50-day simple moving average of $26.41 and a two-hundred day simple moving average of $25.85.

SMI 3Fourteen Full-Cycle Trend ETF Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Wednesday, December 24th were given a $0.0223 dividend. This represents a $0.09 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Wednesday, December 24th.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in SMI 3Fourteen Full-Cycle Trend ETF stock. Flow Traders U.S. LLC acquired a new stake in shares of SMI 3Fourteen Full-Cycle Trend ETF (NASDAQ:FCTE) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 24,212 shares of the company’s stock, valued at approximately $644,000. Flow Traders U.S. LLC owned about 0.16% of SMI 3Fourteen Full-Cycle Trend ETF at the end of the most recent reporting period.

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.