McElhenny Sheffield Managed Risk ETF (BATS:MSMR – Get Free Report) saw a large drop in short interest in July. As of July 31st, there was short interest totaling 1,783 shares, a drop of 85.3% from the July 15th total of 12,156 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average trading volume of 11,418 shares, the short-interest ratio is presently 0.2 days.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in the stock. Compass Financial Management LLC bought a new stake in shares of McElhenny Sheffield Managed Risk ETF during the 2nd quarter worth approximately $28,000. Sankala Group LLC bought a new position in shares of McElhenny Sheffield Managed Risk ETF in the fourth quarter valued at $194,000. Finally, Janney Montgomery Scott LLC bought a new position in shares of McElhenny Sheffield Managed Risk ETF in the fourth quarter valued at $281,000.
McElhenny Sheffield Managed Risk ETF Stock Performance
BATS:MSMR opened at $35.32 on Friday. McElhenny Sheffield Managed Risk ETF has a 52-week low of $31.72 and a 52-week high of $37.67. The company has a market cap of $151.17 million, a P/E ratio of 17.88 and a beta of 0.35. The stock’s 50-day simple moving average is $35.18 and its 200 day simple moving average is $35.48.
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.
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