Morgan Stanley Pathway Small-Mid Cap Equity ETF (NYSEARCA:MSSM) Sees Large Drop in Short Interest

Morgan Stanley Pathway Small-Mid Cap Equity ETF (NYSEARCA:MSSM) was the recipient of a significant decrease in short interest during the month of September. As of September 30th, there was short interest totaling 5,641 shares, a decrease of 64.3% from the September 15th total of 15,809 shares. Based on an average daily trading volume, of 14,003 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.0% of the shares of the company are short sold.

Morgan Stanley Pathway Small-Mid Cap Equity ETF Stock Performance

Morgan Stanley Pathway Small-Mid Cap Equity ETF stock traded down $0.29 during midday trading on Monday, hitting $57.30. 11,846 shares of the company were exchanged, compared to its average volume of 22,322. The firm has a market capitalization of $690.42 million, a PE ratio of 18.16 and a beta of 1.03. Morgan Stanley Pathway Small-Mid Cap Equity ETF has a fifty-two week low of $48.51 and a fifty-two week high of $62.08. The business has a fifty day simple moving average of $59.27 and a two-hundred day simple moving average of $58.38.

Institutional Investors Weigh In On Morgan Stanley Pathway Small-Mid Cap Equity ETF

An institutional investor recently bought a new position in Morgan Stanley Pathway Small-Mid Cap Equity ETF stock. Royal Bank of Canada bought a new stake in shares of Morgan Stanley Pathway Small-Mid Cap Equity ETF (NYSEARCA:MSSM) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 748 shares of the company’s stock, valued at approximately $39,000.

About Morgan Stanley Pathway Small-Mid Cap Equity ETF

The Morgan Stanley Pathway Small-Mid Cap Equity ETF (MSSM) is an exchange-traded fund that mostly invests in extended market equity. The fund seeks capital appreciation through an actively managed portfolio of US mid- and small-cap equity securities. The fund utilizes a multi-manager strategy in constructing the portfolio. MSSM was launched on Nov 18, 1991 and is issued by Morgan Stanley.