Day Hagan Smart Sector ETF (NYSEARCA:SSUS) Short Interest Up 868.9% in May

Day Hagan Smart Sector ETF (NYSEARCA:SSUS) was the target of a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 34,746 shares, an increase of 868.9% from the May 14th total of 3,586 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily volume of 49,136 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Day Hagan Smart Sector ETF stock. Accordant Advisory Group Inc bought a new position in Day Hagan Smart Sector ETF (NYSEARCA:SSUS) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 755 shares of the company’s stock, valued at approximately $37,000.

Day Hagan Smart Sector ETF Price Performance

Day Hagan Smart Sector ETF stock traded up $0.86 during mid-day trading on Thursday, reaching $54.07. 11,170 shares of the company traded hands, compared to its average volume of 39,895. The firm’s 50 day moving average price is $52.33 and its 200 day moving average price is $50.06. The firm has a market capitalization of $575.85 million, a price-to-earnings ratio of 30.46 and a beta of 0.86. Day Hagan Smart Sector ETF has a 52-week low of $43.16 and a 52-week high of $56.34.

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.