Main Sector Rotation ETF (BATS:SECT) Short Interest Down 52.9% in May

Main Sector Rotation ETF (BATS:SECT) was the target of a large decrease in short interest during the month of May. As of May 29th, there was short interest totaling 33,578 shares, a decrease of 52.9% from the May 14th total of 71,305 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average trading volume of 85,444 shares, the short-interest ratio is currently 0.4 days.

Main Sector Rotation ETF Stock Performance

Shares of BATS SECT opened at $70.73 on Friday. The firm has a market cap of $2.56 billion, a price-to-earnings ratio of 25.03 and a beta of 0.95. The business’s 50-day simple moving average is $67.57 and its 200-day simple moving average is $65.17. Main Sector Rotation ETF has a 52 week low of $55.15 and a 52 week high of $72.39.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Main Management LLC increased its holdings in shares of Main Sector Rotation ETF by 3.8% during the 4th quarter. Main Management LLC now owns 406,208 shares of the company’s stock valued at $26,213,000 after acquiring an additional 15,041 shares during the last quarter. Silver Grove Financial Group Inc. increased its holdings in shares of Main Sector Rotation ETF by 13.4% during the 4th quarter. Silver Grove Financial Group Inc. now owns 156,398 shares of the company’s stock valued at $10,092,000 after acquiring an additional 18,488 shares during the last quarter. Virtue Capital Management LLC increased its holdings in shares of Main Sector Rotation ETF by 1,216.5% during the 4th quarter. Virtue Capital Management LLC now owns 59,807 shares of the company’s stock valued at $3,865,000 after acquiring an additional 55,264 shares during the last quarter. Advantage Trust Co increased its holdings in shares of Main Sector Rotation ETF by 2.9% during the 4th quarter. Advantage Trust Co now owns 46,639 shares of the company’s stock valued at $3,010,000 after acquiring an additional 1,312 shares during the last quarter. Finally, Fiduciary Alliance LLC increased its holdings in shares of Main Sector Rotation ETF by 3.6% during the 4th quarter. Fiduciary Alliance LLC now owns 37,885 shares of the company’s stock valued at $2,445,000 after acquiring an additional 1,314 shares during the last quarter.

Main Sector Rotation ETF Company Profile

The Main Sector Rotation ETF (SECT) is an exchange-traded fund that is based on the S&P 500 index. The fund is an actively managed fund-of-funds that uses fundamental analysis to pursue a sector rotation strategy. The fund aims to outperform the S&P 500 while limiting losses during periods of decline, and may hold equities of any market cap or geographic exposure. SECT was launched on Sep 5, 2017 and is managed by Main Funds.