SMI 3Fourteen Full-Cycle Trend ETF (NASDAQ:FCTE – Get Free Report) saw a significant decrease in short interest in June. As of June 15th, there was short interest totaling 3,571 shares, a decrease of 50.7% from the May 31st total of 7,239 shares. Based on an average trading volume of 19,728 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the shares of the company are short sold.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in SMI 3Fourteen Full-Cycle Trend ETF stock. JPMorgan Chase & Co. acquired a new stake in SMI 3Fourteen Full-Cycle Trend ETF (NASDAQ:FCTE – Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 1,862 shares of the company’s stock, valued at approximately $50,000.
SMI 3Fourteen Full-Cycle Trend ETF Price Performance
Shares of FCTE traded down $0.11 during midday trading on Wednesday, reaching $29.10. 44,274 shares of the stock were exchanged, compared to its average volume of 27,458. The business’s 50-day moving average price is $27.31 and its 200 day moving average price is $26.44. SMI 3Fourteen Full-Cycle Trend ETF has a twelve month low of $23.89 and a twelve month high of $29.43. The company has a market capitalization of $247.35 million, a price-to-earnings ratio of 28.39 and a beta of 0.83.
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.
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