Short Interest in Main Sector Rotation ETF (BATS:SECT) Declines By 54.0%

Main Sector Rotation ETF (BATS:SECT) was the recipient of a significant drop in short interest during the month of June. As of June 30th, there was short interest totaling 20,605 shares, a drop of 54.0% from the June 15th total of 44,828 shares. Based on an average trading volume of 100,410 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s shares are sold short.

Hedge Funds Weigh In On Main Sector Rotation ETF

Institutional investors have recently added to or reduced their stakes in the business. Fortis Group Advisors LLC purchased a new position in Main Sector Rotation ETF during the fourth quarter worth about $30,000. IFC & Insurance Marketing Inc. purchased a new position in shares of Main Sector Rotation ETF during the 4th quarter worth about $42,000. NewEdge Advisors LLC purchased a new position in shares of Main Sector Rotation ETF during the 1st quarter worth about $52,000. JPMorgan Chase & Co. boosted its position in shares of Main Sector Rotation ETF by 1,823.8% in the third quarter. JPMorgan Chase & Co. now owns 3,482 shares of the company’s stock worth $219,000 after acquiring an additional 3,301 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Main Sector Rotation ETF by 99.8% in the first quarter. EverSource Wealth Advisors LLC now owns 6,384 shares of the company’s stock worth $386,000 after acquiring an additional 3,189 shares during the last quarter.

Main Sector Rotation ETF Stock Performance

SECT stock opened at $70.98 on Tuesday. The company has a 50 day moving average price of $70.40 and a two-hundred day moving average price of $66.23. The stock has a market capitalization of $2.57 billion, a P/E ratio of 25.03 and a beta of 0.95. Main Sector Rotation ETF has a one year low of $57.70 and a one year high of $72.66.

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.