Day Hagan Smart Sector ETF (NYSEARCA:SSUS) Sees Large Volume Increase – Time to Buy?

Day Hagan Smart Sector ETF (NYSEARCA:SSUS) saw unusually-high trading volume on Thursday . Approximately 88,680 shares traded hands during mid-day trading, an increase of 169% from the previous session’s volume of 32,911 shares.The stock last traded at $56.56 and had previously closed at $56.17.

Day Hagan Smart Sector ETF Price Performance

The firm’s 50-day moving average price is $55.28 and its 200 day moving average price is $52.44. The firm has a market capitalization of $585.40 million, a price-to-earnings ratio of 30.46 and a beta of 0.87.

Institutional Investors Weigh In On Day Hagan Smart Sector ETF

An institutional investor recently raised its stake in Day Hagan Smart Sector ETF stock. Janney Montgomery Scott LLC boosted its position in Day Hagan Smart Sector ETF (NYSEARCA:SSUS) by 13.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 34,124 shares of the company’s stock after purchasing an additional 3,948 shares during the quarter. Janney Montgomery Scott LLC owned about 0.32% of Day Hagan Smart Sector ETF worth $1,593,000 as of its most recent filing with the Securities and Exchange Commission.

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.