Short Interest in Day Hagan Smart Sector Fixed Income ETF (NYSEARCA:SSFI) Drops By 53.2%

Day Hagan Smart Sector Fixed Income ETF (NYSEARCA:SSFI) was the recipient of a significant drop in short interest in June. As of June 15th, there was short interest totaling 3,689 shares, a drop of 53.2% from the May 31st total of 7,878 shares. Based on an average daily volume of 1,698 shares, the short-interest ratio is currently 2.2 days. Approximately 0.4% of the company’s stock are short sold.

Day Hagan Smart Sector Fixed Income ETF Stock Down 0.2%

Shares of SSFI stock opened at $21.28 on Thursday. The firm has a market cap of $28.30 million, a price-to-earnings ratio of 7.26 and a beta of 0.26. The company’s 50 day moving average is $21.40 and its 200 day moving average is $21.48. Day Hagan Smart Sector Fixed Income ETF has a 52-week low of $21.07 and a 52-week high of $21.84.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Day Hagan Smart Sector Fixed Income ETF stock. JPMorgan Chase & Co. purchased a new position in Day Hagan Smart Sector Fixed Income ETF (NYSEARCA:SSFI) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 at the end of the most recent quarter.

Day Hagan Smart Sector Fixed Income ETF Company Profile

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.