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This ETF functions as a "fund of funds," primarily aiming to achieve its investment objectives during normal market conditions. It does so by investing in independent equity exchange-traded funds (ETFs) that track the performance of specific sectors within the S&P 500 Index. The investment advisor actively seeks to enhance returns compared to the index by strategically adjusting its exposure, either overweighting or underweighting these S&P 500 sectors. Additionally, the fund may reduce its overall allocation to ETFs, based on determinations from its internal risk management model. It is important to note that this fund is classified as non-diversified.

Shares of Day Hagan Smart Sector ETF (NYSEARCA:SSUS - Get Free Report) saw an uptick in trading volume on Friday. 52,220 shares changed hands during trading, an increase of 46% from the previous session's volume of 35,844 shares.The stock last traded at $49.3940 and had previously closed at $49.02. Day Hagan Smart Sector ETF

Day Hagan Smart Sector ETF (NYSEARCA:SSUS - Get Free Report) shares hit a new 52-week high during mid-day trading on Friday. The stock traded as high as $49.71 and last traded at $49.6290, with a volume of 385 shares trading hands. The stock had previously closed at $49.47. Day Hagan Smart Sector ETF Stock

Day Hagan has listed a new ETF on the NYSE Arca today — the Day Hagan Smart Buffer ETF (DHSB). The actively managed fund offers exposure to U.S. equity markets while aiming to mitigate downside risk and provide upside potential.

Day Hagan Asset Management, in partnership with Ned Davis Research (NDR), a global provider of independent investment research tools, announced the launch of the Day Hagan/Ned Davis Research Smart Sector International ETF (NYSE Arca: SSXU). The codeveloped ETF began trading on the New York Stock Exchange on July 1.