Short Interest in Day Hagan Smart Sector ETF (NYSEARCA:SSUS) Increases By 215.1%

Day Hagan Smart Sector ETF (NYSEARCA:SSUS) was the target of a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 9,424 shares, an increase of 215.1% from the July 30th total of 2,991 shares. Based on an average trading volume of 24,256 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.1% of the company’s stock are sold short.

Day Hagan Smart Sector ETF Stock Performance

Shares of NYSEARCA:SSUS traded down $0.22 during trading on Friday, hitting $56.36. The company’s stock had a trading volume of 8,351 shares, compared to its average volume of 33,270. The company has a market capitalization of $583.33 million, a PE ratio of 30.46 and a beta of 0.87. Day Hagan Smart Sector ETF has a fifty-two week low of $45.21 and a fifty-two week high of $57.15. The stock’s 50-day moving average price is $55.30 and its two-hundred day moving average price is $52.49.

Hedge Funds 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 grew 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 13F filing with the Securities and Exchange Commission. The fund owned 34,124 shares of the company’s stock after buying an additional 3,948 shares during the quarter. Janney Montgomery Scott LLC owned 0.32% of Day Hagan Smart Sector ETF worth $1,593,000 as of its most recent SEC filing.

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.