Day Hagan Smart Sector ETF (NYSEARCA:SSUS) Short Interest Up 215.1% in August

Day Hagan Smart Sector ETF (NYSEARCA:SSUS) was the recipient of a significant increase in short interest in August. As of August 14th, there was short interest totaling 9,424 shares, an increase of 215.1% from the July 30th total of 2,991 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 24,256 shares, the days-to-cover ratio is currently 0.4 days.

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. Compass Financial Management LLC purchased a new position in shares of Day Hagan Smart Sector ETF (NYSEARCA:SSUS) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 706 shares of the company’s stock, valued at approximately $39,000.

Day Hagan Smart Sector ETF Stock Down 0.4%

Shares of NYSEARCA:SSUS traded down $0.22 during trading on Friday, hitting $56.36. 8,351 shares of the company were exchanged, compared to its average volume of 33,276. The business’s 50 day moving average is $55.32 and its 200-day moving average is $52.52. Day Hagan Smart Sector ETF has a 1-year low of $45.21 and a 1-year high of $57.15. The company has a market capitalization of $583.33 million, a P/E ratio of 30.46 and a beta of 0.87.

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.