SMI 3Fourteen Full-Cycle Trend ETF (NASDAQ:FCTE) Sees Large Growth in Short Interest

SMI 3Fourteen Full-Cycle Trend ETF (NASDAQ:FCTE) was the target of a large increase in short interest in the month of February. As of February 13th, there was short interest totaling 100,409 shares, an increase of 83.5% from the January 29th total of 54,728 shares. Based on an average daily trading volume, of 55,273 shares, the short-interest ratio is presently 1.8 days. Currently, 1.2% of the company’s shares are sold short. Currently, 1.2% of the company’s shares are sold short. Based on an average daily trading volume, of 55,273 shares, the short-interest ratio is presently 1.8 days.

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. Flow Traders U.S. LLC acquired a new position in SMI 3Fourteen Full-Cycle Trend ETF (NASDAQ:FCTE) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 24,212 shares of the company’s stock, valued at approximately $644,000. Flow Traders U.S. LLC owned 0.16% of SMI 3Fourteen Full-Cycle Trend ETF at the end of the most recent reporting period.

SMI 3Fourteen Full-Cycle Trend ETF Stock Performance

FCTE stock opened at $26.85 on Monday. The company has a market capitalization of $225.54 million, a P/E ratio of 28.39 and a beta of 0.78. The company has a fifty day moving average price of $26.29 and a 200-day moving average price of $25.85. SMI 3Fourteen Full-Cycle Trend ETF has a 52-week low of $21.55 and a 52-week high of $27.51.

SMI 3Fourteen Full-Cycle Trend ETF Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Wednesday, December 24th were issued a dividend of $0.0223 per share. The ex-dividend date of this dividend was Wednesday, December 24th. This represents a $0.09 annualized dividend and a yield of 0.3%.

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.