Day Hagan Smart Sector Fixed Income ETF (NYSEARCA:SSFI) Sees Large Increase in Short Interest

Day Hagan Smart Sector Fixed Income ETF (NYSEARCA:SSFI) was the target of a large growth in short interest in October. As of October 15th, there was short interest totaling 409 shares, a growth of 92.0% from the September 30th total of 213 shares. Based on an average daily volume of 20,088 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

Day Hagan Smart Sector Fixed Income ETF Stock Performance

SSFI traded up $0.03 during mid-day trading on Monday, reaching $20.70. The stock had a trading volume of 28,035 shares, compared to its average volume of 13,766. The firm’s fifty day simple moving average is $20.66 and its two-hundred day simple moving average is $21.19. The stock has a market capitalization of $28.97 million, a P/E ratio of 7.26 and a beta of 0.26. Day Hagan Smart Sector Fixed Income ETF has a 52 week low of $20.22 and a 52 week high of $21.84.

Day Hagan Smart Sector Fixed Income ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 29th were given a dividend of $0.2083 per share. The ex-dividend date was Tuesday, September 29th. This represents a $0.83 dividend on an annualized basis and a yield of 4.0%. This is a negative change from Day Hagan Smart Sector Fixed Income ETF’s previous quarterly dividend of $0.2161.

About Day Hagan Smart Sector Fixed Income ETF

The Day Hagan\u002FNed Davis Research Smart Sector Fixed Income ETF (SSFI) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund-of-funds that uses a proprietary model to allocate exposure to fixed income sectors. SSFI was launched on Sep 29, 2021 and is managed by Day Hagan.