LHA Market State Tactical Beta ETF (BATS:MSTB) Sees Significant Increase in Short Interest

LHA Market State Tactical Beta ETF (BATS:MSTB) was the recipient of a significant growth in short interest in May. As of May 29th, there was short interest totaling 15,416 shares, a growth of 82.4% from the May 14th total of 8,452 shares. Based on an average daily trading volume, of 5,866 shares, the days-to-cover ratio is presently 2.6 days. Currently, 0.4% of the company’s stock are sold short.

LHA Market State Tactical Beta ETF Price Performance

Shares of BATS MSTB opened at $42.71 on Monday. The stock’s 50 day moving average price is $41.88 and its two-hundred day moving average price is $40.58. LHA Market State Tactical Beta ETF has a 52-week low of $35.85 and a 52-week high of $45.54. The stock has a market capitalization of $174.26 million, a P/E ratio of 24.18 and a beta of 0.89.

LHA Market State Tactical Beta ETF Company Profile

The LHA Market State Tactical Beta ETF (MSTB) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund that aims to outperform the large-cap US equity market by holding long exposure to the S&P 500 combined with a dynamic risk overlay. The risk overlay can go long or short equity and volatility through the use of derivatives. MSTB was launched on Sep 30, 2020 and is managed by Little Harbor Advisors.