McElhenny Sheffield Managed Risk ETF (BATS:MSMR) Short Interest Down 95.5% in August

McElhenny Sheffield Managed Risk ETF (BATS:MSMR) was the target of a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 81 shares, a decrease of 95.5% from the July 30th total of 1,783 shares. Based on an average daily trading volume, of 4,621 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

McElhenny Sheffield Managed Risk ETF Trading Up 0.1%

Shares of BATS:MSMR traded up $0.02 on Tuesday, reaching $34.79. 79,131 shares of the company traded hands, compared to its average volume of 14,472. The stock has a market capitalization of $148.90 million, a P/E ratio of 17.88 and a beta of 0.35. The business’s 50-day simple moving average is $35.00 and its 200 day simple moving average is $35.44. McElhenny Sheffield Managed Risk ETF has a 52 week low of $31.92 and a 52 week high of $37.67.

Hedge Funds Weigh In On McElhenny Sheffield Managed Risk ETF

A number of large investors have recently bought and sold shares of the stock. Janney Montgomery Scott LLC lifted its position in McElhenny Sheffield Managed Risk ETF by 130.7% in the first quarter. Janney Montgomery Scott LLC now owns 18,603 shares of the company’s stock valued at $642,000 after purchasing an additional 10,538 shares during the last quarter. Sankala Group LLC bought a new position in shares of McElhenny Sheffield Managed Risk ETF in the fourth quarter worth approximately $194,000. Finally, Compass Financial Management LLC purchased a new position in shares of McElhenny Sheffield Managed Risk ETF in the second quarter worth $28,000.

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.