Short Interest in Main Sector Rotation ETF (BATS:SECT) Declines By 52.9%

Main Sector Rotation ETF (BATS:SECTGet Free Report) was the target of a significant decrease in short interest in May. As of May 29th, there was short interest totaling 33,578 shares, a decrease of 52.9% from the May 14th total of 71,305 shares. Based on an average trading volume of 85,444 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.1% of the shares of the stock are short sold.

Institutional Investors Weigh In On Main Sector Rotation ETF

Several hedge funds have recently modified their holdings of SECT. Farther Finance Advisors LLC grew its holdings in shares of Main Sector Rotation ETF by 2.7% during the fourth quarter. Farther Finance Advisors LLC now owns 7,683 shares of the company’s stock worth $496,000 after buying an additional 200 shares in the last quarter. Fortis Group Advisors LLC purchased a new position in shares of Main Sector Rotation ETF during the 4th quarter worth $30,000. IFC & Insurance Marketing Inc. purchased a new position in shares of Main Sector Rotation ETF during the 4th quarter worth $42,000. NewEdge Advisors LLC acquired a new stake in shares of Main Sector Rotation ETF during the first quarter worth $52,000. Finally, Advantage Trust Co grew its position in shares of Main Sector Rotation ETF by 2.9% in the fourth quarter. Advantage Trust Co now owns 46,639 shares of the company’s stock valued at $3,010,000 after purchasing an additional 1,312 shares during the period.

Main Sector Rotation ETF Stock Performance

Main Sector Rotation ETF stock opened at $70.73 on Monday. The stock has a market cap of $2.56 billion, a PE ratio of 25.03 and a beta of 0.95. The stock has a 50-day moving average price of $67.57 and a 200 day moving average price of $65.19. Main Sector Rotation ETF has a 52 week low of $55.15 and a 52 week high of $72.39.

Main Sector Rotation ETF Company Profile

(Get Free Report)

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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