Short Interest in Day Hagan Smart Sector ETF (NYSEARCA:SSUS) Expands 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. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 24,256 shares, the days-to-cover ratio is currently 0.4 days.

Day Hagan Smart Sector ETF Price Performance

NYSEARCA SSUS traded up $0.34 during trading hours on Thursday, reaching $56.51. 92,486 shares of the stock traded hands, compared to its average volume of 33,410. The stock has a 50 day simple moving average of $55.28 and a two-hundred day simple moving average of $52.44. Day Hagan Smart Sector ETF has a 1 year low of $45.21 and a 1 year high of $57.15. The company has a market cap of $584.88 million, a price-to-earnings ratio of 30.46 and a beta of 0.87.

Hedge Funds Weigh In On 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 position in Day Hagan Smart Sector ETF (NYSEARCA:SSUS) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 706 shares of the company’s stock, valued at approximately $39,000.

About Day Hagan Smart Sector ETF

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.