SMI 3Fourteen Full-Cycle Trend ETF (NASDAQ:FCTE) Short Interest Up 104.8% in June

SMI 3Fourteen Full-Cycle Trend ETF (NASDAQ:FCTE) saw a large growth in short interest in the month of June. As of June 30th, there was short interest totaling 7,315 shares, a growth of 104.8% from the June 15th total of 3,571 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average trading volume of 20,867 shares, the days-to-cover ratio is presently 0.4 days.

SMI 3Fourteen Full-Cycle Trend ETF Stock Performance

Shares of NASDAQ FCTE traded down $0.29 during trading hours on Friday, hitting $28.69. The company’s stock had a trading volume of 10,235 shares, compared to its average volume of 28,396. The stock has a market cap of $241.00 million, a price-to-earnings ratio of 28.39 and a beta of 0.75. SMI 3Fourteen Full-Cycle Trend ETF has a 12 month low of $23.89 and a 12 month high of $29.73. The business has a 50-day simple moving average of $27.74 and a 200-day simple moving average of $26.76.

Institutional Trading of SMI 3Fourteen Full-Cycle Trend ETF

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