Main Sector Rotation ETF (BATS:SECT) Short Interest Update

Main Sector Rotation ETF (BATS:SECT) saw a significant 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. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 100,410 shares, the days-to-cover ratio is currently 0.2 days.

Main Sector Rotation ETF Trading Up 0.7%

Main Sector Rotation ETF stock opened at $71.49 on Wednesday. The firm has a market cap of $2.58 billion, a PE ratio of 25.03 and a beta of 0.95. Main Sector Rotation ETF has a 12 month low of $57.70 and a 12 month high of $72.66. The stock’s 50 day simple moving average is $70.48 and its two-hundred day simple moving average is $66.27.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SECT. Main Management LLC grew its position in shares of Main Sector Rotation ETF by 3.8% during the 4th quarter. Main Management LLC now owns 406,208 shares of the company’s stock valued at $26,213,000 after acquiring an additional 15,041 shares during the period. Silver Grove Financial Group Inc. raised its holdings in Main Sector Rotation ETF by 13.4% in the 4th quarter. Silver Grove Financial Group Inc. now owns 156,398 shares of the company’s stock worth $10,092,000 after purchasing an additional 18,488 shares during the period. Virtue Capital Management LLC raised its holdings in Main Sector Rotation ETF by 1,216.5% in the 4th quarter. Virtue Capital Management LLC now owns 59,807 shares of the company’s stock worth $3,865,000 after purchasing an additional 55,264 shares during the period. Advantage Trust Co boosted its position in Main Sector Rotation ETF by 2.9% during the fourth quarter. Advantage Trust Co now owns 46,639 shares of the company’s stock worth $3,010,000 after purchasing an additional 1,312 shares in the last quarter. Finally, Fiduciary Alliance LLC boosted its position in Main Sector Rotation ETF by 3.6% during the fourth quarter. Fiduciary Alliance LLC now owns 37,885 shares of the company’s stock worth $2,445,000 after purchasing an additional 1,314 shares in the last quarter.

About Main Sector Rotation ETF

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.