LHA Market State Tactical Beta ETF (BATS:MSTB) Sees Significant Increase in Short Interest

LHA Market State Tactical Beta ETF (BATS:MSTB) saw a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 15,416 shares, an increase of 82.4% from the May 14th total of 8,452 shares. Based on an average daily trading volume, of 5,866 shares, the days-to-cover ratio is currently 2.6 days. Currently, 0.4% of the shares of the company are sold short.

LHA Market State Tactical Beta ETF Stock Performance

LHA Market State Tactical Beta ETF stock opened at $42.71 on Monday. The firm’s 50-day moving average is $41.88 and its 200-day moving average is $40.58. LHA Market State Tactical Beta ETF has a 1 year low of $35.85 and a 1 year high of $45.54. The company has a market cap of $174.26 million, a P/E ratio of 24.18 and a beta of 0.89.

About LHA Market State Tactical Beta ETF

The LHA Market State Tactical Beta ETF (MSTB) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively managed fund that aims to outperform the large-cap US equity market by holding long exposure to the S&P 500 combined with a dynamic risk overlay. The risk overlay can go long or short equity and volatility through the use of derivatives. MSTB was launched on Sep 30, 2020 and is managed by Little Harbor Advisors.