Main Sector Rotation ETF (BATS:SECT) Sees Large Decrease in Short Interest

Main Sector Rotation ETF (BATS:SECT) saw a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 20,605 shares, a decline of 54.0% from the June 15th total of 44,828 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 100,410 shares, the days-to-cover ratio is currently 0.2 days.

Main Sector Rotation ETF Stock Down 0.4%

Main Sector Rotation ETF stock opened at $71.17 on Thursday. The business’s 50-day simple moving average is $70.53 and its 200 day simple moving average is $66.31. The stock has a market cap of $2.57 billion, a price-to-earnings ratio of 25.03 and a beta of 0.95. Main Sector Rotation ETF has a 12-month low of $57.70 and a 12-month high of $72.66.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. NewEdge Advisors LLC bought a new position in shares of Main Sector Rotation ETF in the 1st quarter valued at about $52,000. EverSource Wealth Advisors LLC raised its stake in shares of Main Sector Rotation ETF by 99.8% during the first quarter. EverSource Wealth Advisors LLC now owns 6,384 shares of the company’s stock worth $386,000 after buying an additional 3,189 shares during the last quarter. Virtue Capital Management LLC lifted its holdings in Main Sector Rotation ETF by 1,216.5% in the fourth quarter. Virtue Capital Management LLC now owns 59,807 shares of the company’s stock valued at $3,865,000 after buying an additional 55,264 shares during the period. Silver Grove Financial Group Inc. boosted its stake in Main Sector Rotation ETF by 13.4% in the fourth 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. Finally, IFC & Insurance Marketing Inc. bought a new position in Main Sector Rotation ETF in the fourth quarter valued at approximately $42,000.

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.