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 decrease in short interest in June. As of June 15th, there was short interest totaling 1,947 shares, a decrease of 94.4% from the May 31st total of 34,746 shares. Based on an average daily volume of 41,190 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Day Hagan Smart Sector ETF Trading Down 0.3%

Shares of NYSEARCA SSUS traded down $0.16 during midday trading on Thursday, reaching $53.94. The company had a trading volume of 24,138 shares, compared to its average volume of 38,561. Day Hagan Smart Sector ETF has a 1 year low of $44.18 and a 1 year high of $56.34. The business’s 50-day simple moving average is $53.80 and its 200 day simple moving average is $50.55. The stock has a market cap of $574.46 million, a P/E ratio of 30.46 and a beta of 0.86.

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 position in shares of Day Hagan Smart Sector ETF (NYSEARCA:SSUS) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 755 shares of the company’s stock, valued at approximately $37,000.

Day Hagan Smart Sector ETF Company Profile

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.