Main Sector Rotation ETF (BATS:SECT) Shares Shorted: Short Interest Down 51.6% in September

Main Sector Rotation ETF (BATS:SECT) saw a significant decline in short interest in the month of September. As of September 15th, there was short interest totaling 36,557 shares, a decline of 51.6% from the August 31st total of 75,596 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 152,377 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Trading of Main Sector Rotation ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. Silver Grove Financial Group Inc. raised its stake in shares of Main Sector Rotation ETF by 13.4% during the fourth quarter. Silver Grove Financial Group Inc. now owns 156,398 shares of the company’s stock worth $10,092,000 after purchasing an additional 18,488 shares during the last quarter. Main Management LLC grew its position in Main Sector Rotation ETF by 3.8% in the 4th quarter. Main Management LLC now owns 406,208 shares of the company’s stock valued at $26,213,000 after buying an additional 15,041 shares during the last quarter. Compass Financial Management LLC acquired a new position in Main Sector Rotation ETF in the 2nd quarter valued at $35,000. Continuum Advisory LLC acquired a new position in Main Sector Rotation ETF in the 2nd quarter valued at $30,000. Finally, NewEdge Advisors LLC purchased a new position in Main Sector Rotation ETF during the 1st quarter worth $52,000.

Main Sector Rotation ETF Stock Performance

Shares of BATS:SECT opened at $71.71 on Wednesday. Main Sector Rotation ETF has a one year low of $58.39 and a one year high of $73.68. The stock has a market capitalization of $2.59 billion, a price-to-earnings ratio of 25.03 and a beta of 0.95. The company has a 50-day simple moving average of $71.62 and a 200-day simple moving average of $68.97.

Main Sector Rotation ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Thursday, September 24th were given a $0.0776 dividend. This is a drop from Main Sector Rotation ETF’s previous quarterly dividend of $0.0902. The ex-dividend date was Thursday, September 24th. This represents a $0.31 annualized dividend and a yield of 0.4%.

About Main Sector Rotation ETF

The Main Sector Rotation ETF (SECT) is an exchange-traded fund that is based on the S&P 500 index. The fund is an actively managed fund-of-funds that uses fundamental analysis to pursue a sector rotation strategy. The fund aims to outperform the S&P 500 while limiting losses during periods of decline, and may hold equities of any market cap or geographic exposure. SECT was launched on Sep 5, 2017 and is managed by Main Funds.