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

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

LHA Market State Tactical Beta ETF Stock Up 0.5%

MSTB traded up $0.22 during midday trading on Friday, hitting $43.33. The company had a trading volume of 6,968 shares, compared to its average volume of 10,583. The stock’s 50 day moving average price is $42.80 and its 200 day moving average price is $40.96. LHA Market State Tactical Beta ETF has a 52 week low of $37.33 and a 52 week high of $45.54. The company has a market capitalization of $176.79 million, a price-to-earnings ratio of 24.18 and a beta of 0.89.

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.