Short Interest in Main Sector Rotation ETF (BATS:SECT) Declines By 52.9%

Main Sector Rotation ETF (BATS:SECT) saw a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 33,578 shares, a decrease of 52.9% from the May 14th total of 71,305 shares. Based on an average daily volume of 85,444 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.1% of the shares of the company are sold short.

Main Sector Rotation ETF Trading Up 0.8%

Main Sector Rotation ETF stock opened at $70.73 on Friday. Main Sector Rotation ETF has a 12 month low of $55.15 and a 12 month high of $72.39. The stock’s 50 day moving average is $67.57 and its 200-day moving average is $65.17. The company has a market capitalization of $2.56 billion, a price-to-earnings ratio of 25.03 and a beta of 0.95.

Hedge Funds Weigh In On Main Sector Rotation ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Fortis Group Advisors LLC acquired a new position in Main Sector Rotation ETF in the 4th quarter valued at $30,000. IFC & Insurance Marketing Inc. bought a new stake in Main Sector Rotation ETF during the fourth quarter worth $42,000. NewEdge Advisors LLC bought a new stake in Main Sector Rotation ETF during the first quarter worth $52,000. JPMorgan Chase & Co. lifted its stake in Main Sector Rotation ETF by 1,823.8% during the third quarter. JPMorgan Chase & Co. now owns 3,482 shares of the company’s stock worth $219,000 after purchasing an additional 3,301 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in Main Sector Rotation ETF by 99.8% during the first quarter. EverSource Wealth Advisors LLC now owns 6,384 shares of the company’s stock worth $386,000 after purchasing an additional 3,189 shares during the last quarter.

About Main Sector Rotation ETF

The Main Sector Rotation ETF (SECT) is an exchange-traded fund that is based on the S&P 500 index. The fund is an actively managed fund-of-funds that uses fundamental analysis to pursue a sector rotation strategy. The fund aims to outperform the S&P 500 while limiting losses during periods of decline, and may hold equities of any market cap or geographic exposure. SECT was launched on Sep 5, 2017 and is managed by Main Funds.