McElhenny Sheffield Managed Risk ETF (BATS:MSMR) Short Interest Up 1,363.0% in August

McElhenny Sheffield Managed Risk ETF (BATS:MSMR) was the recipient of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 1,185 shares, an increase of 1,363.0% from the August 15th total of 81 shares. Based on an average daily trading volume, of 14,194 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

Institutional Trading of McElhenny Sheffield Managed Risk ETF

A number of large investors have recently made changes to their positions in MSMR. Janney Montgomery Scott LLC increased its stake in McElhenny Sheffield Managed Risk ETF by 130.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 18,603 shares of the company’s stock worth $642,000 after buying an additional 10,538 shares during the period. Sankala Group LLC bought a new position in McElhenny Sheffield Managed Risk ETF in the 4th quarter worth about $194,000. Finally, Compass Financial Management LLC bought a new position in McElhenny Sheffield Managed Risk ETF in the 2nd quarter worth about $28,000.

McElhenny Sheffield Managed Risk ETF Stock Down 0.9%

MSMR traded down $0.32 during trading hours on Thursday, reaching $33.94. 28,926 shares of the company’s stock traded hands, compared to its average volume of 14,568. The firm has a 50-day moving average price of $34.78 and a 200 day moving average price of $35.35. McElhenny Sheffield Managed Risk ETF has a 52-week low of $32.82 and a 52-week high of $37.67. The firm has a market capitalization of $145.26 million, a PE 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.