Short Interest in Day Hagan Smart Sector ETF (NYSEARCA:SSUS) Decreases By 94.4%

Day Hagan Smart Sector ETF (NYSEARCA:SSUS) was the target of a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 1,947 shares, a drop of 94.4% from the May 31st total of 34,746 shares. Based on an average daily volume of 41,190 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

Institutional Trading of Day Hagan Smart Sector ETF

An institutional investor recently bought a new position in Day Hagan Smart Sector ETF stock. Accordant Advisory Group Inc purchased a new stake in Day Hagan Smart Sector ETF (NYSEARCA:SSUS) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 755 shares of the company’s stock, valued at approximately $37,000.

Day Hagan Smart Sector ETF Trading Down 0.6%

Shares of SSUS traded down $0.34 during midday trading on Friday, hitting $53.60. The stock had a trading volume of 23,676 shares, compared to its average volume of 38,438. The firm has a market cap of $570.84 million, a P/E ratio of 30.46 and a beta of 0.86. Day Hagan Smart Sector ETF has a fifty-two week low of $44.55 and a fifty-two week high of $56.34. The business has a 50-day simple moving average of $53.86 and a two-hundred day simple moving average of $50.57.

About Day Hagan Smart Sector ETF

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.