McElhenny Sheffield Managed Risk ETF (BATS:MSMR) Sees Significant Decrease in Short Interest

McElhenny Sheffield Managed Risk ETF (BATS:MSMR) was the recipient of a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 1,783 shares, a decrease of 85.3% from the July 15th total of 12,156 shares. Based on an average trading volume of 11,418 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the company’s stock are sold short.

McElhenny Sheffield Managed Risk ETF Stock Up 0.5%

Shares of MSMR opened at $34.99 on Thursday. McElhenny Sheffield Managed Risk ETF has a twelve month low of $31.72 and a twelve month high of $37.67. The stock has a market capitalization of $149.76 million, a P/E ratio of 17.88 and a beta of 0.35. The company has a 50 day moving average of $35.23 and a 200-day moving average of $35.49.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Janney Montgomery Scott LLC grew its position in McElhenny Sheffield Managed Risk ETF by 130.7% in the first quarter. Janney Montgomery Scott LLC now owns 18,603 shares of the company’s stock valued at $642,000 after purchasing an additional 10,538 shares in the last quarter. Sankala Group LLC bought a new stake in McElhenny Sheffield Managed Risk ETF during the 4th quarter worth about $194,000. Finally, Compass Financial Management LLC bought a new stake in McElhenny Sheffield Managed Risk ETF during the 2nd quarter worth about $28,000.

About McElhenny Sheffield Managed Risk ETF

The McElhenny Sheffield Managed Risk ETF (MSMR) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund uses a combination of trend-based and sector rotation strategies that enable the fund to toggle exposure between equity and defensive ETFs based on various market indicators. The fund is actively managed. MSMR was launched on Nov 16, 2021 and is managed by McElhenny Sheffield.