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

Day Hagan Smart Sector ETF (NYSEARCA:SSUS) saw a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 3,608 shares, a growth of 379.8% from the April 15th total of 752 shares. Based on an average daily volume of 14,962 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the company’s shares are sold short.

Hedge Funds Weigh In On Day Hagan Smart Sector ETF

A hedge fund recently bought a new stake in Day Hagan Smart Sector ETF stock. Accordant Advisory Group Inc purchased a new stake in Day Hagan Smart Sector ETF (NYSEARCA:SSUS) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 755 shares of the company’s stock, valued at approximately $37,000.

Day Hagan Smart Sector ETF Price Performance

Shares of SSUS stock opened at $53.81 on Wednesday. The firm’s 50-day moving average is $49.40 and its two-hundred day moving average is $49.15. Day Hagan Smart Sector ETF has a 12 month low of $41.92 and a 12 month high of $54.18. The company has a market capitalization of $573.08 million, a PE ratio of 30.46 and a beta of 0.85.

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.