Day Hagan Smart Sector ETF (NYSEARCA:SSUS) Sets New 52-Week High – Here’s Why

Day Hagan Smart Sector ETF (NYSEARCA:SSUS)’s stock price hit a new 52-week high on Tuesday . The stock traded as high as $52.50 and last traded at $52.42, with a volume of 2238 shares traded. The stock had previously closed at $52.04.

Day Hagan Smart Sector ETF Stock Performance

The company’s fifty day moving average is $48.90 and its two-hundred day moving average is $48.93. The company has a market cap of $560.51 million, a price-to-earnings ratio of 30.46 and a beta of 0.85.

Hedge Funds Weigh In On Day Hagan Smart Sector ETF

A hedge fund recently raised its stake in Day Hagan Smart Sector ETF stock. Janney Montgomery Scott LLC increased its holdings in Day Hagan Smart Sector ETF (NYSEARCA:SSUS) by 13.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 34,124 shares of the company’s stock after buying an additional 3,948 shares during the quarter. Janney Montgomery Scott LLC owned about 0.32% of Day Hagan Smart Sector ETF worth $1,593,000 at the end of the most recent reporting period.

About Day Hagan Smart Sector ETF

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.