Day Hagan Smart Sector ETF (NYSEARCA:SSUS) Sees Large Increase in Short Interest

Day Hagan Smart Sector ETF (NYSEARCA:SSUS) was the recipient of a significant increase in short interest in the month of September. As of September 30th, there was short interest totaling 4,900 shares, an increase of 64.5% from the September 15th total of 2,978 shares. Based on an average daily trading volume, of 51,846 shares, the short-interest ratio is currently 0.1 days. Approximately 0.0% of the shares of the stock are short sold.

Day Hagan Smart Sector ETF Price Performance

NYSEARCA SSUS traded down $0.58 during trading on Friday, reaching $56.09. The company’s stock had a trading volume of 16,870 shares, compared to its average volume of 33,126. The stock has a market capitalization of $602.41 million, a PE ratio of 30.46 and a beta of 0.86. The firm has a fifty day moving average of $56.37 and a 200 day moving average of $54.44. Day Hagan Smart Sector ETF has a one year low of $45.21 and a one year high of $57.38.

Institutional Investors Weigh In On Day Hagan Smart Sector ETF

A hedge fund recently raised its position in Day Hagan Smart Sector ETF stock. Janney Montgomery Scott LLC boosted its stake in shares of Day Hagan Smart Sector ETF (NYSEARCA:SSUS) by 13.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,124 shares of the company’s stock after acquiring 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 filing with the Securities and Exchange Commission (SEC).

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.