Day Hagan Smart Sector ETF (NYSEARCA:SSUS) Sees Large Volume Increase – Here’s Why

Day Hagan Smart Sector ETF (NYSEARCA:SSUS) shares saw unusually-high trading volume on Thursday. 122,204 shares were traded during mid-day trading, an increase of 261% from the previous session’s volume of 33,817 shares. The stock last traded at $56.0550 and had previously closed at $56.08.

Day Hagan Smart Sector ETF Price Performance

The company has a market capitalization of $596.75 million, a price-to-earnings ratio of 30.46 and a beta of 0.87. The firm’s 50-day simple moving average is $55.93 and its two-hundred day simple moving average is $53.68.

Institutional Investors Weigh In On Day Hagan Smart Sector ETF

An institutional investor recently raised its position in Day Hagan Smart Sector ETF stock. Janney Montgomery Scott LLC boosted its holdings in shares of Day Hagan Smart Sector ETF (NYSEARCA:SSUS) by 13.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 34,124 shares of the company’s stock after purchasing an additional 3,948 shares during the period. Janney Montgomery Scott LLC owned approximately 0.32% of Day Hagan Smart Sector ETF worth $1,593,000 at the end of the most recent quarter.

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.