Short Interest in Main Sector Rotation ETF (BATS:SECT) Rises By 73.6%

Main Sector Rotation ETF (BATS:SECT) saw a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 56,949 shares, an increase of 73.6% from the July 30th total of 32,810 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 108,283 shares, the short-interest ratio is currently 0.5 days.

Main Sector Rotation ETF Price Performance

Shares of BATS SECT opened at $72.05 on Monday. The company has a market cap of $2.60 billion, a P/E ratio of 25.03 and a beta of 0.95. Main Sector Rotation ETF has a 52 week low of $58.39 and a 52 week high of $73.68. The business has a 50-day simple moving average of $71.37 and a two-hundred day simple moving average of $67.78.

Institutional Trading of Main Sector Rotation ETF

Several institutional investors and hedge funds have recently made changes to their positions in SECT. Virtue Capital Management LLC lifted its stake in shares of Main Sector Rotation ETF by 1,216.5% in the 4th quarter. Virtue Capital Management LLC now owns 59,807 shares of the company’s stock valued at $3,865,000 after purchasing an additional 55,264 shares during the period. Silver Grove Financial Group Inc. grew its stake in Main Sector Rotation ETF by 13.4% in the fourth quarter. Silver Grove Financial Group Inc. now owns 156,398 shares of the company’s stock worth $10,092,000 after purchasing an additional 18,488 shares during the period. Main Management LLC raised 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 worth $26,213,000 after purchasing an additional 15,041 shares in the last quarter. Flow Traders U.S. LLC bought a new position in Main Sector Rotation ETF in the third quarter worth $651,000. Finally, Keystone Financial Group purchased a new position in Main Sector Rotation ETF during the third quarter valued at $627,000.

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.