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

LHA Market State Tactical Beta ETF (BATS:MSTB) was the target of a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 9,958 shares, a growth of 1,599.3% from the July 15th total of 586 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average trading volume of 8,965 shares, the days-to-cover ratio is currently 1.1 days.

LHA Market State Tactical Beta ETF Trading Down 0.4%

MSTB stock traded down $0.16 during mid-day trading on Tuesday, reaching $44.23. 1,465 shares of the stock traded hands, compared to its average volume of 10,310. LHA Market State Tactical Beta ETF has a 52-week low of $37.38 and a 52-week high of $45.54. The company has a market cap of $180.46 million, a P/E ratio of 24.18 and a beta of 0.89. The stock’s fifty day moving average is $42.89 and its 200-day moving average is $41.37.

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.