McElhenny Sheffield Managed Risk ETF (BATS:MSMR – Get Free Report) was the target of a significant drop in short interest in August. As of August 14th, there was short interest totaling 81 shares, a drop of 95.5% from the July 30th total of 1,783 shares. Based on an average daily volume of 4,621 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.
Institutional Trading of McElhenny Sheffield Managed Risk ETF
Hedge funds and other institutional investors have recently bought and sold shares of the company. Compass Financial Management LLC bought a new position in McElhenny Sheffield Managed Risk ETF during the second quarter valued at approximately $28,000. Sankala Group LLC bought a new stake in shares of McElhenny Sheffield Managed Risk ETF in the 4th quarter worth approximately $194,000. Finally, Janney Montgomery Scott LLC purchased a new stake in shares of McElhenny Sheffield Managed Risk ETF in the 4th quarter valued at $281,000.
McElhenny Sheffield Managed Risk ETF Trading Up 0.1%
Shares of MSMR traded up $0.02 during midday trading on Tuesday, reaching $34.79. The stock had a trading volume of 79,131 shares, compared to its average volume of 14,472. The company’s 50-day moving average is $35.00 and its 200 day moving average is $35.44. McElhenny Sheffield Managed Risk ETF has a 12-month low of $31.92 and a 12-month high of $37.67. The company has a market capitalization of $148.90 million, a price-to-earnings ratio of 17.88 and a beta of 0.35.
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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