Morgan Stanley Pathway Small-Mid Cap Equity ETF (NYSEARCA:MSSM) Sees Large Drop in Short Interest

Morgan Stanley Pathway Small-Mid Cap Equity ETF (NYSEARCA:MSSM) was the recipient of a large drop in short interest in March. As of March 31st, there was short interest totaling 25,158 shares, a drop of 19.5% from the March 15th total of 31,264 shares. Based on an average trading volume of 76,179 shares, the short-interest ratio is currently 0.3 days. Currently, 0.2% of the company’s shares are sold short.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in MSSM. Jane Street Group LLC raised its position in shares of Morgan Stanley Pathway Small-Mid Cap Equity ETF by 383.3% in the 2nd quarter. Jane Street Group LLC now owns 51,304 shares of the company’s stock worth $2,392,000 after acquiring an additional 40,689 shares in the last quarter. Susquehanna International Group LLP bought a new stake in Morgan Stanley Pathway Small-Mid Cap Equity ETF in the 3rd quarter valued at about $760,000. Finally, Northwestern Mutual Wealth Management Co. increased its position in Morgan Stanley Pathway Small-Mid Cap Equity ETF by 1,691.0% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,200 shares of the company’s stock valued at $56,000 after buying an additional 1,133 shares in the last quarter.

Morgan Stanley Pathway Small-Mid Cap Equity ETF Stock Performance

Shares of MSSM stock traded up $1.11 during mid-day trading on Friday, hitting $56.96. The company’s stock had a trading volume of 10,401 shares, compared to its average volume of 29,479. The company’s fifty day simple moving average is $53.40 and its 200-day simple moving average is $52.39. Morgan Stanley Pathway Small-Mid Cap Equity ETF has a 52 week low of $39.00 and a 52 week high of $57.31. The company has a market cap of $723.39 million, a PE ratio of 18.16 and a beta of 1.07.

Morgan Stanley Pathway Small-Mid Cap Equity ETF Company Profile

The Morgan Stanley Pathway Small-Mid Cap Equity ETF (MSSM) is an exchange-traded fund that mostly invests in extended market equity. The fund seeks capital appreciation through an actively managed portfolio of US mid- and small-cap equity securities. The fund utilizes a multi-manager strategy in constructing the portfolio. MSSM was launched on Nov 18, 1991 and is issued by Morgan Stanley.