Main Sector Rotation ETF (BATS:SECT – Get Free Report) was the recipient of a large increase in short interest during the month of August. As of August 14th, there was short interest totaling 56,949 shares, an increase of 73.6% from the July 30th total of 32,810 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 108,283 shares, the days-to-cover ratio is presently 0.5 days.
Main Sector Rotation ETF Stock Performance
Shares of SECT opened at $72.05 on Monday. The business’s fifty day simple moving average is $71.37 and its two-hundred day simple moving average is $67.78. Main Sector Rotation ETF has a 12 month low of $58.39 and a 12 month high of $73.68. The company has a market cap of $2.60 billion, a price-to-earnings ratio of 25.03 and a beta of 0.95.
Institutional Investors Weigh In On Main Sector Rotation ETF
Several hedge funds and other institutional investors have recently made changes to their positions in SECT. JPMorgan Chase & Co. grew its position in shares of Main Sector Rotation ETF by 1,823.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,482 shares of the company’s stock valued at $219,000 after acquiring an additional 3,301 shares during the period. Flow Traders U.S. LLC purchased a new position in Main Sector Rotation ETF in the 3rd quarter worth approximately $651,000. Keystone Financial Group purchased a new position in shares of Main Sector Rotation ETF during the third quarter valued at about $627,000. Fortis Group Advisors LLC bought a new position in shares of Main Sector Rotation ETF during the 4th quarter valued at approximately $30,000. Finally, Main Management LLC grew its position in Main Sector Rotation ETF by 3.8% in the fourth quarter. Main Management LLC now owns 406,208 shares of the company’s stock worth $26,213,000 after acquiring an additional 15,041 shares in the last quarter.
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.
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