LHA Market State Tactical Beta ETF (BATS:MSTB) Sees Large Drop in Short Interest

LHA Market State Tactical Beta ETF (BATS:MSTB) saw a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 1,834 shares, a decrease of 85.3% from the June 15th total of 12,510 shares. Based on an average daily volume of 6,141 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.0% of the company’s stock are short sold.

LHA Market State Tactical Beta ETF Stock Performance

BATS MSTB opened at $43.33 on Monday. The company has a market cap of $176.79 million, a P/E ratio of 24.18 and a beta of 0.89. The company has a fifty day simple moving average of $42.80 and a 200 day simple moving average of $40.97. LHA Market State Tactical Beta ETF has a 12-month low of $37.33 and a 12-month high of $45.54.

LHA Market State Tactical Beta ETF Company Profile

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.