Main Sector Rotation ETF (BATS:SECT) Shares Shorted: Short Interest Up 196.2% in September

Main Sector Rotation ETF (BATS:SECT) was the recipient of a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 108,275 shares, a growth of 196.2% from the September 15th total of 36,557 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average daily volume of 154,407 shares, the days-to-cover ratio is currently 0.7 days.

Main Sector Rotation ETF Trading Down 0.4%

BATS SECT opened at $72.66 on Tuesday. The company’s 50-day moving average price is $72.07 and its 200-day moving average price is $69.68. The stock has a market cap of $2.63 billion, a PE ratio of 25.03 and a beta of 0.95. Main Sector Rotation ETF has a 12 month low of $58.39 and a 12 month high of $73.68.

Main Sector Rotation ETF Cuts Dividend

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

Hedge Funds Weigh In On Main Sector Rotation ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. Continuum Advisory LLC purchased a new position in shares of Main Sector Rotation ETF during the second quarter worth approximately $30,000. Compass Financial Management LLC bought a new stake in shares of Main Sector Rotation ETF during the second quarter valued at approximately $35,000. NewEdge Advisors LLC bought a new stake in shares of Main Sector Rotation ETF during the first quarter valued at approximately $52,000. EverSource Wealth Advisors LLC boosted its holdings 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 valued at $386,000 after purchasing an additional 3,189 shares during the period. Finally, Silver Grove Financial Group Inc. boosted its holdings in shares of Main Sector Rotation ETF by 13.4% in the fourth quarter. Silver Grove Financial Group Inc. now owns 156,398 shares of the company’s stock valued at $10,092,000 after purchasing an additional 18,488 shares during the period.

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.