Day Hagan Smart Sector Fixed Income ETF (NYSEARCA:SSFI) Sees Significant Decline in Short Interest

Day Hagan Smart Sector Fixed Income ETF (NYSEARCA:SSFI) was the target of a large drop in short interest in September. As of September 30th, there was short interest totaling 213 shares, a drop of 76.5% from the September 15th total of 908 shares. Based on an average trading volume of 912 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the company’s stock are sold short.

Day Hagan Smart Sector Fixed Income ETF Stock Performance

SSFI traded up $0.02 during mid-day trading on Tuesday, reaching $20.36. 365 shares of the stock were exchanged, compared to its average volume of 14,437. The stock has a market capitalization of $28.50 million, a PE ratio of 7.26 and a beta of 0.26. The company has a 50 day moving average price of $20.82 and a two-hundred day moving average price of $21.15. Day Hagan Smart Sector Fixed Income ETF has a 1 year low of $20.22 and a 1 year high of $21.84.

Day Hagan Smart Sector Fixed Income ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Tuesday, September 29th were given a dividend of $0.2083 per share. The ex-dividend date of this dividend was Tuesday, September 29th. This is a decrease from Day Hagan Smart Sector Fixed Income ETF’s previous quarterly dividend of $0.2161. This represents a $0.83 dividend on an annualized basis and a dividend yield of 4.1%.

Day Hagan Smart Sector Fixed Income ETF Company Profile

The Day Hagan\u002FNed Davis Research Smart Sector Fixed Income ETF (SSFI) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund is an actively managed fund-of-funds that uses a proprietary model to allocate exposure to fixed income sectors. SSFI was launched on Sep 29, 2021 and is managed by Day Hagan.