Short Interest in Day Hagan Smart Sector Fixed Income ETF (NYSEARCA:SSFI) Increases By 261.9%

Day Hagan Smart Sector Fixed Income ETF (NYSEARCA:SSFI) was the recipient of a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 76 shares, a growth of 261.9% from the December 31st total of 21 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 36,887 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily volume of 36,887 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are sold short.

Day Hagan Smart Sector Fixed Income ETF Price Performance

SSFI stock traded down $0.01 during mid-day trading on Wednesday, reaching $21.49. The company had a trading volume of 814 shares, compared to its average volume of 20,779. The company has a market capitalization of $30.30 million, a PE ratio of 7.26 and a beta of 0.29. The firm has a 50 day moving average of $21.62 and a 200 day moving average of $21.59. Day Hagan Smart Sector Fixed Income ETF has a 12 month low of $20.84 and a 12 month high of $21.84.

Day Hagan Smart Sector Fixed Income ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Monday, December 29th were given a dividend of $0.2888 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date of this dividend was Monday, December 29th. This is a positive change from Day Hagan Smart Sector Fixed Income ETF’s previous quarterly dividend of $0.17.

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 the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 3,302 shares of the company’s stock, valued at approximately $71,000. JPMorgan Chase & Co. owned 0.20% of Day Hagan Smart Sector Fixed Income ETF as of its most recent filing with the Securities and Exchange Commission.

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.