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

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in McElhenny Sheffield Managed Risk ETF stock. Janney Montgomery Scott LLC bought a new position in shares of McElhenny Sheffield Managed Risk ETF (BATS:MSMR) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 8,065 shares of the company’s stock, valued at approximately $281,000. Janney Montgomery Scott LLC owned approximately 0.19% of McElhenny Sheffield Managed Risk ETF at the end of the most recent quarter.

McElhenny Sheffield Managed Risk ETF Stock Up 0.4%

Shares of McElhenny Sheffield Managed Risk ETF stock opened at $35.05 on Wednesday. The company has a market capitalization of $150.01 million, a price-to-earnings ratio of 17.88 and a beta of 0.35. McElhenny Sheffield Managed Risk ETF has a 12-month low of $31.33 and a 12-month high of $37.67. The firm’s 50-day moving average price is $36.18 and its two-hundred day moving average price is $35.55.

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.