McElhenny Sheffield Managed Risk ETF (BATS:MSMR) Short Interest Up 1,363.0% in August

McElhenny Sheffield Managed Risk ETF (BATS:MSMR) was the recipient of a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 1,185 shares, an increase of 1,363.0% from the August 15th total of 81 shares. Based on an average trading volume of 14,194 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

McElhenny Sheffield Managed Risk ETF Stock Performance

Shares of BATS:MSMR opened at $34.09 on Friday. The firm has a market cap of $145.91 million, a PE ratio of 17.88 and a beta of 0.35. The firm’s fifty day moving average is $34.73 and its 200-day moving average is $35.33. McElhenny Sheffield Managed Risk ETF has a 52 week low of $32.82 and a 52 week high of $37.67.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of MSMR. Compass Financial Management LLC bought a new stake in shares of McElhenny Sheffield Managed Risk ETF in the 2nd quarter valued at about $28,000. Sankala Group LLC bought a new position in shares of McElhenny Sheffield Managed Risk ETF during the fourth quarter worth about $194,000. Finally, Janney Montgomery Scott LLC acquired a new position in shares of McElhenny Sheffield Managed Risk ETF in the fourth quarter worth approximately $281,000.

About McElhenny Sheffield Managed Risk ETF

The McElhenny Sheffield Managed Risk ETF (MSMR) is an exchange-traded fund that mostly invests in target outcome asset allocation. The fund uses a combination of trend-based and sector rotation strategies that enable the fund to toggle exposure between equity and defensive ETFs based on various market indicators. The fund is actively managed. MSMR was launched on Nov 16, 2021 and is managed by McElhenny Sheffield.