Main Sector Rotation ETF (BATS:SECT) Stock Short Interest Report for September

Main Sector Rotation ETF (BATS:SECT) was the target of a significant growth in short interest in September. As of September 30th, there was short interest totaling 108,275 shares, a growth of 196.2% from the September 15th total of 36,557 shares. Based on an average daily volume of 154,407 shares, the short-interest ratio is currently 0.7 days. Approximately 0.3% of the company’s stock are sold short.

Main Sector Rotation ETF Stock Performance

SECT stock opened at $72.50 on Wednesday. The firm has a 50 day moving average price of $72.07 and a 200-day moving average price of $69.76. Main Sector Rotation ETF has a 52-week low of $58.39 and a 52-week high of $73.68. The firm has a market capitalization of $2.62 billion, a price-to-earnings ratio of 25.03 and a beta of 0.95.

Main Sector Rotation ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Thursday, September 24th were given a dividend of $0.0776 per share. This is a drop from Main Sector Rotation ETF’s previous quarterly dividend of $0.0902. The ex-dividend date of this dividend was Thursday, September 24th. This represents a $0.31 dividend on an annualized basis and a yield of 0.4%.

Hedge Funds Weigh In On Main Sector Rotation ETF

Several institutional investors and hedge funds have recently modified their holdings of SECT. Compass Financial Management LLC bought a new stake in shares of Main Sector Rotation ETF in the 2nd quarter worth $35,000. Continuum Advisory LLC bought a new position in shares of Main Sector Rotation ETF during the second quarter valued at $30,000. NewEdge Advisors LLC bought a new position in shares of Main Sector Rotation ETF during the first quarter valued at $52,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Main Sector Rotation ETF by 99.8% during the first quarter. EverSource Wealth Advisors LLC now owns 6,384 shares of the company’s stock valued at $386,000 after purchasing an additional 3,189 shares in the last quarter. Finally, Silver Grove Financial Group Inc. lifted its holdings in shares of Main Sector Rotation ETF by 13.4% during the fourth quarter. Silver Grove Financial Group Inc. now owns 156,398 shares of the company’s stock valued at $10,092,000 after purchasing an additional 18,488 shares in the last quarter.

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.