Short Interest in McElhenny Sheffield Managed Risk ETF (BATS:MSMR) Decreases By 44.9%

McElhenny Sheffield Managed Risk ETF (BATS:MSMR) saw a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 5,042 shares, a decrease of 44.9% from the June 15th total of 9,156 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 34,936 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in McElhenny Sheffield Managed Risk ETF stock. Janney Montgomery Scott LLC purchased a new stake in McElhenny Sheffield Managed Risk ETF (BATS:MSMR) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 8,065 shares of the company’s stock, valued at approximately $281,000. Janney Montgomery Scott LLC owned 0.19% of McElhenny Sheffield Managed Risk ETF as of its most recent filing with the SEC.

McElhenny Sheffield Managed Risk ETF Trading Down 0.3%

Shares of MSMR stock opened at $34.96 on Thursday. McElhenny Sheffield Managed Risk ETF has a 12-month low of $31.33 and a 12-month high of $37.67. The business’s 50 day moving average is $36.15 and its two-hundred day moving average is $35.55. The company has a market capitalization of $149.63 million, a P/E ratio of 17.88 and a beta of 0.35.

McElhenny Sheffield Managed Risk ETF Company Profile

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.