Day Hagan Smart Sector ETF (NYSEARCA:SSUS) Sees Significant Decline in Short Interest

Day Hagan Smart Sector ETF (NYSEARCA:SSUS) was the target of a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 3,941 shares, a drop of 58.2% from the August 15th total of 9,424 shares. Based on an average daily trading volume, of 19,978 shares, the short-interest ratio is presently 0.2 days. Approximately 0.0% of the shares of the company are short sold.

Hedge Funds Weigh In On Day Hagan Smart Sector ETF

An institutional investor recently raised its position in Day Hagan Smart Sector ETF stock. Janney Montgomery Scott LLC increased its position in Day Hagan Smart Sector ETF (NYSEARCA:SSUS) by 13.1% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 34,124 shares of the company’s stock after acquiring an additional 3,948 shares during the quarter. Janney Montgomery Scott LLC owned about 0.32% of Day Hagan Smart Sector ETF worth $1,593,000 as of its most recent SEC filing.

Day Hagan Smart Sector ETF Stock Performance

SSUS stock traded down $0.32 during mid-day trading on Monday, hitting $55.72. The company had a trading volume of 12,662 shares, compared to its average volume of 32,541. The firm has a market cap of $576.70 million, a PE ratio of 30.46 and a beta of 0.87. Day Hagan Smart Sector ETF has a 12 month low of $45.21 and a 12 month high of $57.15. The stock’s fifty day moving average price is $55.63 and its two-hundred day moving average price is $53.03.

Day Hagan Smart Sector ETF Company Profile

The Day Hagan\u002FNed Davis Research Smart Sector ETF (SSUS) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed US fund-of-funds that overweights and underweights 11 US large-cap sectors based on proprietary risk model. SSUS was launched on Jan 17, 2020 and is managed by Day Hagan.