The Day Hagan Smart Sector ETF (NYSEARCA:SSUS) experienced a significant increase in trading volume on Monday, with a total of 59,377 shares traded. This marks a rise of 43% compared to the previous session, which saw 41,578 shares change hands. As of the last trade, the ETF was priced at $47.5560, up from its previous closing price of $46.72.
Stock Performance and Market Position
The Day Hagan Smart Sector ETF, which has a market capitalization of $557.09 million, reported a price-to-earnings (PE) ratio of 30.46 and a beta value of 0.85. Its fifty-day moving average stands at $48.31, while the two-hundred-day moving average is $46.05. These figures suggest a relatively stable performance within the market context.
The fund is actively managed and primarily invests in large-cap equities, employing a unique risk model to adjust its exposure across eleven U.S. large-cap sectors. This strategy allows for both overweighting and underweighting various sectors based on market conditions and proprietary analysis.
Understanding the Day Hagan Smart Sector ETF
Launched on January 17, 2020, the Day Hagan Smart Sector ETF is designed to provide investors with a diversified approach to large-cap equity investments. Managed by Day Hagan, the ETF aims to capitalize on market trends while mitigating risks through its distinctive fund-of-funds structure.
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With the recent surge in trading volume, market watchers will be keen to see how the Day Hagan Smart Sector ETF performs in the coming days, particularly in light of its strategic sector allocations and overall market conditions.
