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

Day Hagan Smart Sector Fixed Income ETF (NYSEARCA:SSFI) was the target of a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 908 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily volume of 6,784 shares, the days-to-cover ratio is presently 0.1 days.

Day Hagan Smart Sector Fixed Income ETF Price Performance

Shares of NYSEARCA:SSFI traded down $0.23 during midday trading on Tuesday, reaching $20.27. 104 shares of the company’s stock were exchanged, compared to its average volume of 14,049. The stock has a market cap of $28.38 million, a price-to-earnings ratio of 7.26 and a beta of 0.26. Day Hagan Smart Sector Fixed Income ETF has a fifty-two week low of $20.27 and a fifty-two week high of $21.84. The firm’s 50 day simple moving average is $20.97 and its two-hundred day simple moving average is $21.22.

Day Hagan Smart Sector Fixed Income ETF Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 29th will be given a dividend of $0.2083 per share. This is a drop 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%. The ex-dividend date is Tuesday, September 29th.

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.