Short Interest in Day Hagan Smart Sector ETF (NYSEARCA:SSUS) Expands By 868.9%

Day Hagan Smart Sector ETF (NYSEARCA:SSUS) was the recipient of a significant growth in short interest in May. As of May 29th, there was short interest totaling 34,746 shares, a growth of 868.9% from the May 14th total of 3,586 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average trading volume of 49,136 shares, the days-to-cover ratio is currently 0.7 days.

Day Hagan Smart Sector ETF Price Performance

SSUS stock opened at $54.07 on Wednesday. The business has a 50-day moving average price of $52.17 and a 200 day moving average price of $50.02. The company has a market capitalization of $575.85 million, a P/E ratio of 30.46 and a beta of 0.86. Day Hagan Smart Sector ETF has a 1-year low of $43.16 and a 1-year high of $56.34.

Institutional Trading of Day Hagan Smart Sector ETF

An institutional investor recently bought a new position in Day Hagan Smart Sector ETF stock. Accordant Advisory Group Inc bought a new stake in Day Hagan Smart Sector ETF (NYSEARCA:SSUS) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 755 shares of the company’s stock, valued at approximately $37,000.

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.