SMI 3Fourteen Full-Cycle Trend ETF (NASDAQ:FCTE) Sees Large Increase 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 September. As of September 15th, there was short interest totaling 22,066 shares, an increase of 50.7% from the August 31st total of 14,643 shares. Based on an average daily volume of 20,597 shares, the days-to-cover ratio is presently 1.1 days. Currently, 0.3% of the shares of the stock are sold short.

SMI 3Fourteen Full-Cycle Trend ETF Stock Performance

SMI 3Fourteen Full-Cycle Trend ETF stock traded up $0.20 during midday trading on Thursday, reaching $29.11. 12,320 shares of the stock were exchanged, compared to its average volume of 25,429. The firm has a market cap of $238.66 million, a PE ratio of 28.39 and a beta of 0.74. SMI 3Fourteen Full-Cycle Trend ETF has a 52 week low of $23.89 and a 52 week high of $30.75. The company’s fifty day moving average is $29.18 and its 200-day moving average is $27.83.

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.