The Day Hagan Smart Sector ETF (NYSEARCA:SSUS) experienced a significant increase in trading activity on Monday, with a total of 59,377 shares changing hands. This marked a notable rise of 43% compared to the previous session’s volume of 41,578 shares. The ETF’s stock last traded at a price of $47.5560, up from its previous close of $46.72.
Market Overview and Performance Metrics
The Day Hagan Smart Sector ETF currently holds a market capitalization of $557.09 million. It has a price-to-earnings (PE) ratio of 30.46 and a beta of 0.85, indicating its relative stability in comparison to the broader market. The fund’s fifty-day moving average price stands at $48.31, while its two-hundred-day moving average price is recorded at $46.05.
The Day Hagan Smart Sector ETF, which was launched on January 17, 2020, serves as an actively managed US fund-of-funds. This ETF primarily invests in large-cap equities and strategically adjusts its allocations among 11 US large-cap sectors based on a proprietary risk model.
Investors interested in the ETF can stay updated on its performance and receive daily summaries of news and analysts’ ratings through MarketBeat.com’s free email newsletter. The recent surge in trading volume reflects growing investor interest and activity in the fund, signaling potential shifts in market dynamics.
As the investment landscape continues to evolve, the Day Hagan Smart Sector ETF remains a key player for those targeting large-cap equity investments. The ability to adapt to market conditions through its active management strategy positions the fund as a noteworthy option for investors looking to navigate the complexities of the current market environment.
