McElhenny Sheffield Managed Risk ETF (BATS:MSMR) Sees Large Increase in Short Interest

McElhenny Sheffield Managed Risk ETF (BATS:MSMR) was the recipient of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 12,156 shares, a growth of 141.1% from the June 30th total of 5,042 shares. Based on an average daily trading volume, of 12,861 shares, the short-interest ratio is currently 0.9 days. Approximately 0.3% of the company’s stock are short sold.

McElhenny Sheffield Managed Risk ETF Stock Performance

Shares of MSMR opened at $34.17 on Thursday. The firm has a market cap of $146.25 million, a PE ratio of 17.88 and a beta of 0.35. McElhenny Sheffield Managed Risk ETF has a twelve month low of $31.33 and a twelve month high of $37.67. The firm’s 50 day moving average price is $35.71 and its 200 day moving average price is $35.53.

Institutional Investors Weigh In On McElhenny Sheffield Managed Risk ETF

An institutional investor recently raised its stake in McElhenny Sheffield Managed Risk ETF stock. Janney Montgomery Scott LLC boosted its stake in shares of McElhenny Sheffield Managed Risk ETF (BATS:MSMR) by 130.7% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,603 shares of the company’s stock after purchasing an additional 10,538 shares during the quarter. Janney Montgomery Scott LLC owned about 0.43% of McElhenny Sheffield Managed Risk ETF worth $642,000 at the end of the most recent quarter.

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.