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

LHA Market State Tactical Beta ETF (BATS:MSTB) was the recipient of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 18,657 shares, an increase of 470.2% from the August 15th total of 3,272 shares. Approximately 0.5% of the shares of the stock are short sold. Based on an average daily volume of 7,861 shares, the short-interest ratio is presently 2.4 days.

LHA Market State Tactical Beta ETF Trading Up 1.2%

BATS MSTB opened at $43.94 on Friday. The stock’s 50 day moving average is $43.55 and its two-hundred day moving average is $42.02. LHA Market State Tactical Beta ETF has a 1-year low of $37.38 and a 1-year high of $45.54. The company has a market capitalization of $179.28 million, a price-to-earnings ratio of 24.18 and a beta of 0.89.

About LHA Market State Tactical Beta ETF

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.