Day Hagan Smart Sector ETF (NYSEARCA:SSUS) Sees Significant Decrease in Short Interest

Day Hagan Smart Sector ETF (NYSEARCA:SSUS) was the target of a large drop in short interest in the month of June. As of June 15th, there was short interest totaling 1,947 shares, a drop of 94.4% from the May 31st total of 34,746 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 41,190 shares, the short-interest ratio is currently 0.0 days.

Day Hagan Smart Sector ETF Price Performance

Shares of NYSEARCA:SSUS traded down $0.16 during trading hours on Thursday, hitting $53.94. The company’s stock had a trading volume of 24,138 shares, compared to its average volume of 38,561. The firm’s fifty day moving average price is $53.80 and its 200 day moving average price is $50.55. Day Hagan Smart Sector ETF has a 52 week low of $44.18 and a 52 week high of $56.34. The company has a market capitalization of $574.46 million, a price-to-earnings ratio of 30.46 and a beta of 0.86.

Hedge Funds Weigh In On Day Hagan Smart Sector ETF

An institutional investor recently bought a new position in Day Hagan Smart Sector ETF stock. Accordant Advisory Group Inc bought a new position in shares of Day Hagan Smart Sector ETF (NYSEARCA:SSUS) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 755 shares of the company’s stock, valued at approximately $37,000.

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.