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

Morgan Stanley Pathway Small-Mid Cap Equity ETF (NYSEARCA:MSSM) saw a large decline in short interest during the month of July. As of July 15th, there was short interest totaling 886 shares, a decline of 95.3% from the June 30th total of 18,724 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 46,031 shares, the days-to-cover ratio is currently 0.0 days.

Morgan Stanley Pathway Small-Mid Cap Equity ETF Stock Up 0.0%

Shares of Morgan Stanley Pathway Small-Mid Cap Equity ETF stock traded up $0.01 during mid-day trading on Friday, hitting $59.32. The stock had a trading volume of 9,353 shares, compared to its average volume of 26,118. The firm has a 50-day moving average of $59.70 and a two-hundred day moving average of $56.20. The firm has a market cap of $711.84 million, a P/E ratio of 18.16 and a beta of 0.98. Morgan Stanley Pathway Small-Mid Cap Equity ETF has a 12-month low of $46.15 and a 12-month high of $62.00.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in MSSM. Royal Bank of Canada acquired a new stake in Morgan Stanley Pathway Small-Mid Cap Equity ETF during the first quarter worth $39,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Morgan Stanley Pathway Small-Mid Cap Equity ETF by 803.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 849 shares of the company’s stock valued at $43,000 after purchasing an additional 755 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of Morgan Stanley Pathway Small-Mid Cap Equity ETF during the 1st quarter worth $458,000. Fifth Third Bancorp acquired a new stake in shares of Morgan Stanley Pathway Small-Mid Cap Equity ETF during the 1st quarter worth about $625,000. Finally, Susquehanna International Group LLP purchased a new stake in Morgan Stanley Pathway Small-Mid Cap Equity ETF in the 3rd quarter valued at about $760,000.

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.