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

Day Hagan Smart Sector ETF (NYSEARCA:SSUS) saw a significant increase in short interest in May. As of May 29th, there was short interest totaling 34,746 shares, an increase of 868.9% from the May 14th total of 3,586 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average trading volume of 49,136 shares, the short-interest ratio is presently 0.7 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Day Hagan Smart Sector ETF stock. Janney Montgomery Scott LLC grew its stake in Day Hagan Smart Sector ETF (NYSEARCA:SSUS) by 13.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 34,124 shares of the company’s stock after buying an additional 3,948 shares during the period. Janney Montgomery Scott LLC owned 0.32% of Day Hagan Smart Sector ETF worth $1,593,000 at the end of the most recent quarter.

Day Hagan Smart Sector ETF Trading Up 2.1%

NYSEARCA SSUS opened at $54.33 on Friday. The company has a fifty day simple moving average of $52.48 and a two-hundred day simple moving average of $50.11. The stock has a market cap of $578.61 million, a P/E ratio of 30.46 and a beta of 0.86. Day Hagan Smart Sector ETF has a 12-month low of $43.16 and a 12-month high of $56.34.

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.