Main Sector Rotation ETF (BATS:SECT) Stock Short Interest Drops 51.6%

Main Sector Rotation ETF (BATS:SECT) saw a significant decrease in short interest in September. As of September 15th, there was short interest totaling 36,557 shares, a decrease of 51.6% from the August 31st total of 75,596 shares. Based on an average daily volume of 152,377 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the company’s shares are sold short.

Hedge Funds Weigh In On Main Sector Rotation ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SECT. Continuum Advisory LLC acquired a new position in shares of Main Sector Rotation ETF in the second quarter worth $30,000. Compass Financial Management LLC acquired a new stake in shares of Main Sector Rotation ETF in the second quarter valued at $35,000. NewEdge Advisors LLC purchased a new position in Main Sector Rotation ETF in the first quarter valued at $52,000. EverSource Wealth Advisors LLC boosted its holdings in Main Sector Rotation ETF by 99.8% in the first quarter. EverSource Wealth Advisors LLC now owns 6,384 shares of the company’s stock valued at $386,000 after purchasing an additional 3,189 shares during the period. Finally, Main Management LLC boosted its holdings in Main Sector Rotation ETF by 3.8% in the fourth quarter. Main Management LLC now owns 406,208 shares of the company’s stock valued at $26,213,000 after purchasing an additional 15,041 shares during the period.

Main Sector Rotation ETF Stock Down 0.2%

SECT opened at $71.55 on Thursday. Main Sector Rotation ETF has a 52 week low of $58.39 and a 52 week high of $73.68. The business has a fifty day simple moving average of $71.63 and a 200-day simple moving average of $69.04. The firm has a market cap of $2.59 billion, a P/E ratio of 25.03 and a beta of 0.95.

Main Sector Rotation ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Thursday, September 24th were paid a dividend of $0.0776 per share. This represents a $0.31 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend was Thursday, September 24th. This is a decrease from Main Sector Rotation ETF’s previous quarterly dividend of $0.0902.

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.