Day Hagan Smart Sector Fixed Income ETF (NYSEARCA:SSFI) Sees Large Decline in Short Interest

Day Hagan Smart Sector Fixed Income ETF (NYSEARCA:SSFI) was the target of a significant decrease in short interest in January. As of January 30th, there was short interest totaling 54 shares, a decrease of 28.9% from the January 15th total of 76 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 692 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily volume of 692 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are short sold.

Hedge Funds Weigh In On Day Hagan Smart Sector Fixed Income ETF

A hedge fund recently bought a new stake in Day Hagan Smart Sector Fixed Income ETF stock. JPMorgan Chase & Co. purchased a new stake in shares of Day Hagan Smart Sector Fixed Income ETF (NYSEARCA:SSFI) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,302 shares of the company’s stock, valued at approximately $71,000. JPMorgan Chase & Co. owned approximately 0.20% of Day Hagan Smart Sector Fixed Income ETF as of its most recent SEC filing.

Day Hagan Smart Sector Fixed Income ETF Price Performance

NYSEARCA:SSFI traded up $0.04 during mid-day trading on Monday, hitting $21.69. 23 shares of the company’s stock were exchanged, compared to its average volume of 19,341. The company has a market cap of $30.58 million, a PE ratio of 7.26 and a beta of 0.29. Day Hagan Smart Sector Fixed Income ETF has a one year low of $20.92 and a one year high of $21.84. The business has a fifty day moving average price of $21.57 and a 200 day moving average price of $21.62.

Day Hagan Smart Sector Fixed Income ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Monday, December 29th were issued a $0.2888 dividend. This represents a $1.16 annualized dividend and a yield of 5.3%. This is a positive change from Day Hagan Smart Sector Fixed Income ETF’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Monday, December 29th.

About Day Hagan Smart Sector Fixed Income ETF

The Day Hagan\u002FNed Davis Research Smart Sector Fixed Income ETF (SSFI) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund-of-funds that uses a proprietary model to allocate exposure to fixed income sectors. SSFI was launched on Sep 29, 2021 and is managed by Day Hagan.