LHA Market State Tactical Beta ETF (BATS:MSTB) Sees Large Decline in Short Interest

LHA Market State Tactical Beta ETF (BATS:MSTB) saw a large decrease in short interest in July. As of July 15th, there was short interest totaling 586 shares, a decrease of 68.0% from the June 30th total of 1,834 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 9,776 shares, the days-to-cover ratio is currently 0.1 days.

LHA Market State Tactical Beta ETF Price Performance

Shares of MSTB opened at $42.29 on Friday. LHA Market State Tactical Beta ETF has a 52-week low of $37.33 and a 52-week high of $45.54. The company has a market capitalization of $172.54 million, a PE ratio of 24.18 and a beta of 0.89. The stock has a fifty day simple moving average of $42.83 and a two-hundred day simple moving average of $41.14.

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.