Main Sector Rotation ETF (BATS:SECT – Get Free Report) saw a large increase in short interest in 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 shares are sold short. Based on an average daily volume of 108,283 shares, the days-to-cover ratio is presently 0.5 days.
Hedge Funds Weigh In On Main Sector Rotation ETF
Hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. raised its holdings in shares of Main Sector Rotation ETF by 1,823.8% during the third quarter. JPMorgan Chase & Co. now owns 3,482 shares of the company’s stock valued at $219,000 after purchasing an additional 3,301 shares during the last quarter. Flow Traders U.S. LLC bought a new stake in Main Sector Rotation ETF during the 3rd quarter valued at approximately $651,000. Keystone Financial Group bought a new position in Main Sector Rotation ETF during the third quarter valued at approximately $627,000. Fortis Group Advisors LLC bought a new position in Main Sector Rotation ETF during the fourth quarter valued at $30,000. Finally, Main Management LLC boosted its holdings in shares of Main Sector Rotation ETF by 3.8% in the 4th quarter. Main Management LLC now owns 406,208 shares of the company’s stock worth $26,213,000 after purchasing an additional 15,041 shares during the period.
Main Sector Rotation ETF Price Performance
BATS:SECT opened at $71.85 on Tuesday. Main Sector Rotation ETF has a twelve month low of $58.39 and a twelve month high of $73.68. The firm’s fifty day simple moving average is $71.37 and its 200 day simple moving average is $67.83. The stock has a market cap of $2.60 billion, a P/E ratio of 25.03 and a beta of 0.95.
Main Sector Rotation ETF Company Profile
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.
Read More
- Five stocks we like better than Main Sector Rotation ETF
- Radar Anomaly: Draganfly’s Options Surge Signals Strategy Shift
- Boarding Call: EHang Secures First-Mover Altitude
- 3 Space Stocks: Ready for Liftoff or Burning Up on Reentry?
- Space Race Meets Ground Reality for Tower REITs
Receive News & Ratings for Main Sector Rotation ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Main Sector Rotation ETF and related companies with MarketBeat.com's FREE daily email newsletter.
