McElhenny Sheffield Managed Risk ETF (BATS:MSMR) Short Interest Update

McElhenny Sheffield Managed Risk ETF (BATS:MSMR) was the recipient of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 1,185 shares, a growth of 1,363.0% from the August 15th total of 81 shares. Based on an average daily trading volume, of 14,194 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

McElhenny Sheffield Managed Risk ETF Trading Down 0.9%

Shares of BATS:MSMR opened at $33.94 on Friday. The stock has a 50 day moving average of $34.76 and a 200 day moving average of $35.34. The company has a market cap of $145.26 million, a PE ratio of 17.88 and a beta of 0.35. McElhenny Sheffield Managed Risk ETF has a 12-month low of $32.82 and a 12-month high of $37.67.

Institutional Trading of McElhenny Sheffield Managed Risk ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Compass Financial Management LLC bought a new stake in shares of McElhenny Sheffield Managed Risk ETF during the 2nd quarter valued at $28,000. Sankala Group LLC bought a new position in McElhenny Sheffield Managed Risk ETF in the 4th quarter worth $194,000. Finally, Janney Montgomery Scott LLC bought a new position in McElhenny Sheffield Managed Risk ETF in the 4th quarter worth $281,000.

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.