Short Interest in Day Hagan Smart Sector ETF (NYSEARCA:SSUS) Drops By 58.2%

Day Hagan Smart Sector ETF (NYSEARCA:SSUS) was the target of a significant drop in short interest during the month of August. As of August 31st, there was short interest totaling 3,941 shares, a drop of 58.2% from the August 15th total of 9,424 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily volume of 19,978 shares, the short-interest ratio is presently 0.2 days.

Day Hagan Smart Sector ETF Price Performance

Shares of NYSEARCA:SSUS traded down $0.21 during trading hours on Tuesday, hitting $55.51. 12,495 shares of the company’s stock traded hands, compared to its average volume of 32,423. The firm has a market capitalization of $574.53 million, a P/E ratio of 30.46 and a beta of 0.87. The business has a fifty day moving average price of $55.64 and a 200-day moving average price of $53.07. Day Hagan Smart Sector ETF has a 1 year low of $45.21 and a 1 year high of $57.15.

Institutional Trading of Day Hagan Smart Sector ETF

A hedge fund recently bought a new position in Day Hagan Smart Sector ETF stock. Compass Financial Management LLC bought a new stake in shares of Day Hagan Smart Sector ETF (NYSEARCA:SSUS) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 706 shares of the company’s stock, valued at approximately $39,000.

Day Hagan Smart Sector ETF Company Profile

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.