LHA Market State Tactical Beta ETF (BATS:MSTB) Short Interest Up 82.4% in May

LHA Market State Tactical Beta ETF (BATS:MSTB) was the recipient of a significant growth in short interest during the month of 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 trading volume of 5,866 shares, the short-interest ratio is currently 2.6 days. Currently, 0.4% of the shares of the company are sold short.

LHA Market State Tactical Beta ETF Stock Down 0.2%

Shares of BATS MSTB opened at $43.04 on Wednesday. The firm’s 50-day moving average price is $42.06 and its two-hundred day moving average price is $40.62. 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 $175.60 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.