Short Interest in Main Sector Rotation ETF (BATS:SECT) Decreases By 54.0%

Main Sector Rotation ETF (BATS:SECT) was the recipient of a large drop in short interest in June. As of June 30th, there was short interest totaling 20,605 shares, a drop of 54.0% from the June 15th total of 44,828 shares. Based on an average trading volume of 100,410 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are short sold.

Institutional Investors Weigh In On Main Sector Rotation ETF

A number of large investors have recently bought and sold shares of SECT. Farther Finance Advisors LLC increased its position in 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 stake in shares of Main Sector Rotation ETF in the fourth quarter valued at $30,000. IFC & Insurance Marketing Inc. purchased a new stake in Main Sector Rotation ETF during the 4th quarter worth about $42,000. NewEdge Advisors LLC acquired a new position in Main Sector Rotation ETF in the 1st quarter valued at about $52,000. Finally, Advantage Trust Co raised its stake in Main Sector Rotation ETF by 2.9% in the 4th 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 last quarter.

Main Sector Rotation ETF Price Performance

Shares of BATS SECT opened at $70.98 on Tuesday. Main Sector Rotation ETF has a 12-month low of $57.70 and a 12-month high of $72.66. The company has a market capitalization of $2.57 billion, a PE ratio of 25.03 and a beta of 0.95. The firm’s 50-day moving average is $70.40 and its two-hundred day moving average is $66.23.

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.