Day Hagan/Ned Davis Research Smart Sector ETF (NYSEARCA:SSUS) Stock Price Down 1.4% – Here’s Why

Shares of Day Hagan/Ned Davis Research Smart Sector ETF (NYSEARCA:SSUS) fell 1.4% during trading on Monday . The stock traded as low as $41.99 and last traded at $42.20. 53,959 shares changed hands during trading, an increase of 38% from the average session volume of 38,979 shares. The stock had previously closed at $42.82.

Day Hagan/Ned Davis Research Smart Sector ETF Stock Down 1.4 %

The firm has a market capitalization of $602.62 million, a price-to-earnings ratio of 25.41 and a beta of 0.80. The firm’s 50 day moving average is $42.94 and its 200 day moving average is $42.27.

Institutional Investors Weigh In On Day Hagan/Ned Davis Research Smart Sector ETF

A hedge fund recently bought a new stake in Day Hagan/Ned Davis Research Smart Sector ETF stock. AdvisorNet Financial Inc purchased a new stake in Day Hagan/Ned Davis Research Smart Sector ETF (NYSEARCA:SSUS) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,633 shares of the company’s stock, valued at approximately $237,000.

About Day Hagan/Ned Davis Research 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.