Day Hagan Smart Sector Fixed Income ETF (NYSEARCA:SSFI) Short Interest Up 2,990.0% in May

Day Hagan Smart Sector Fixed Income ETF (NYSEARCA:SSFI) saw a significant increase in short interest in the month of May. As of May 15th, there was short interest totaling 3,399 shares, an increase of 2,990.0% from the April 30th total of 110 shares. Based on an average trading volume of 2,704 shares, the short-interest ratio is presently 1.3 days. Approximately 0.3% of the shares of the company are short sold.

Institutional Investors Weigh In On Day Hagan Smart Sector Fixed Income ETF

An institutional investor recently bought a new position in Day Hagan Smart Sector Fixed Income ETF stock. JPMorgan Chase & Co. purchased a new stake in shares of Day Hagan Smart Sector Fixed Income ETF (NYSEARCA:SSFI) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 3,302 shares of the company’s stock, valued at approximately $71,000. JPMorgan Chase & Co. owned about 0.20% of Day Hagan Smart Sector Fixed Income ETF at the end of the most recent quarter.

Day Hagan Smart Sector Fixed Income ETF Stock Performance

Shares of SSFI traded up $0.04 during mid-day trading on Wednesday, reaching $21.38. 134,699 shares of the company’s stock traded hands, compared to its average volume of 23,023. The business’s 50-day moving average price is $21.37 and its 200-day moving average price is $21.53. The stock has a market capitalization of $22.02 million, a P/E ratio of 7.26 and a beta of 0.26. Day Hagan Smart Sector Fixed Income ETF has a 12 month low of $21.07 and a 12 month high of $21.84.

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.