The Day Hagan Smart Sector ETF (NYSEARCA:SSUS) experienced a notable increase in trading volume on Monday, with **59,377 shares** changing hands. This figure represents a **43% rise** compared to the previous session’s volume of **41,578 shares**. As of the latest trading, the ETF’s share price stood at **$47.5560**, climbing from the previous close of **$46.72**.
Market Performance Details
The Day Hagan Smart Sector ETF is currently valued at a market capitalization of **$557.09 million**. It boasts a price-to-earnings (PE) ratio of **30.46** and a beta of **0.85**, indicating lower volatility compared to the overall market. The fund’s fifty-day moving average price is **$48.31**, while its two-hundred-day moving average price is **$46.05**.
The Day Hagan Smart Sector ETF operates as an actively managed fund-of-funds, primarily investing in large-cap equities. The fund strategically overweights and underweights eleven sectors of the U.S. economy based on a proprietary risk model. Launched on **January 17, 2020**, the ETF is managed by Day Hagan, which is known for its analytical approach to sector investment.
This volume surge may indicate increased investor interest or market activity related to the strategic allocations within the fund. Investors often monitor such changes in trading volume as they can signal shifts in market sentiment or the effectiveness of the fund’s management strategy.
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