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 large increase in short interest during the month of July. As of July 31st, there was short interest totaling 9,958 shares, an increase of 1,599.3% from the July 15th total of 586 shares. Based on an average daily volume of 8,965 shares, the short-interest ratio is currently 1.1 days. Approximately 0.2% of the shares of the company are short sold.

LHA Market State Tactical Beta ETF Stock Performance

Shares of BATS:MSTB traded down $0.16 during trading hours on Tuesday, hitting $44.23. The stock had a trading volume of 1,465 shares, compared to its average volume of 10,310. The stock’s fifty day simple moving average is $42.89 and its 200 day simple moving average is $41.37. LHA Market State Tactical Beta ETF has a 1-year low of $37.38 and a 1-year high of $45.54. The firm has a market capitalization of $180.46 million, a price-to-earnings 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.