McElhenny Sheffield Managed Risk ETF (BATS:MSMR) Short Interest Up 141.1% in July

McElhenny Sheffield Managed Risk ETF (BATS:MSMR) was the target of a significant growth in short interest in July. As of July 15th, there was short interest totaling 12,156 shares, a growth of 141.1% from the June 30th total of 5,042 shares. Based on an average daily trading volume, of 12,861 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.3% of the company’s stock are sold short.

McElhenny Sheffield Managed Risk ETF Stock Performance

BATS:MSMR traded down $0.11 during trading hours on Wednesday, hitting $34.46. 428 shares of the company’s stock traded hands, compared to its average volume of 15,132. The stock’s fifty day moving average price is $35.77 and its two-hundred day moving average price is $35.54. The firm has a market cap of $147.49 million, a P/E ratio of 17.88 and a beta of 0.35. McElhenny Sheffield Managed Risk ETF has a twelve month low of $31.33 and a twelve month high of $37.67.

Hedge Funds Weigh In On McElhenny Sheffield Managed Risk ETF

An institutional investor recently raised its position in McElhenny Sheffield Managed Risk ETF stock. Janney Montgomery Scott LLC lifted its stake in McElhenny Sheffield Managed Risk ETF (BATS:MSMR) by 130.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,603 shares of the company’s stock after purchasing an additional 10,538 shares during the quarter. Janney Montgomery Scott LLC owned 0.43% of McElhenny Sheffield Managed Risk ETF worth $642,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

McElhenny Sheffield Managed Risk ETF Company Profile

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.