SMI 3Fourteen Full-Cycle Trend ETF (NASDAQ:FCTE – Get Free Report) saw a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 4,920 shares, an increase of 507.4% from the April 30th total of 810 shares. Based on an average daily trading volume, of 21,403 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.1% of the shares of the company are short sold.
SMI 3Fourteen Full-Cycle Trend ETF Price Performance
NASDAQ:FCTE traded up $0.19 during midday trading on Thursday, hitting $27.24. The company’s stock had a trading volume of 1,457 shares, compared to its average volume of 28,405. SMI 3Fourteen Full-Cycle Trend ETF has a fifty-two week low of $23.89 and a fifty-two week high of $27.68. The firm’s 50 day moving average is $26.26 and its 200-day moving average is $25.93. The firm has a market cap of $231.54 million, a P/E ratio of 28.39 and a beta of 0.89.
Hedge Funds 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 SMI 3Fourteen Full-Cycle Trend ETF (NASDAQ:FCTE – Free Report) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 1,862 shares of the company’s stock, valued at approximately $50,000.
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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