SMI 3Fourteen Full-Cycle Trend ETF (NASDAQ:FCTE – Get Free Report) saw a significant 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. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 20,867 shares, the days-to-cover ratio is currently 0.4 days.
Institutional Investors Weigh In On SMI 3Fourteen Full-Cycle Trend ETF
A hedge fund recently bought a new stake in SMI 3Fourteen Full-Cycle Trend ETF stock. JPMorgan Chase & Co. bought a new stake in SMI 3Fourteen Full-Cycle Trend ETF (NASDAQ:FCTE – Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 1,862 shares of the company’s stock, valued at approximately $50,000.
SMI 3Fourteen Full-Cycle Trend ETF Stock Performance
Shares of FCTE stock traded up $0.11 during midday trading on Thursday, hitting $28.97. 13,545 shares of the company were exchanged, compared to its average volume of 28,527. The firm has a market capitalization of $243.35 million, a P/E ratio of 28.39 and a beta of 0.75. The firm’s 50 day moving average price is $27.70 and its two-hundred day moving average price is $26.74. SMI 3Fourteen Full-Cycle Trend ETF has a 52 week low of $23.89 and a 52 week high of $29.73.
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.
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