Short Interest in SMI 3Fourteen Full-Cycle Trend ETF (NASDAQ:FCTE) Expands By 70.4%

SMI 3Fourteen Full-Cycle Trend ETF (NASDAQ:FCTE) saw a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 65,685 shares, an increase of 70.4% from the February 26th total of 38,550 shares. Based on an average trading volume of 26,919 shares, the short-interest ratio is presently 2.4 days. Approximately 0.8% of the shares of the stock are short sold.

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

An institutional investor recently bought a new position in SMI 3Fourteen Full-Cycle Trend ETF stock. JPMorgan Chase & Co. purchased a new position in shares of SMI 3Fourteen Full-Cycle Trend ETF (NASDAQ:FCTE) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,862 shares of the company’s stock, valued at approximately $50,000.

SMI 3Fourteen Full-Cycle Trend ETF Trading Down 1.6%

FCTE traded down $0.39 during midday trading on Friday, hitting $24.17. The company’s stock had a trading volume of 9,416 shares, compared to its average volume of 34,344. SMI 3Fourteen Full-Cycle Trend ETF has a 52-week low of $21.55 and a 52-week high of $27.51. The firm has a 50-day moving average price of $26.33 and a two-hundred day moving average price of $25.79. The firm has a market cap of $203.03 million, a P/E ratio of 28.39 and a beta of 0.78.

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.