MSMR McElhenny Sheffield Managed Risk ETF
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McElhenny Sheffield Managed Risk ETF (MSMR) ETF
No description available.
- Exchange
- BATS
- Inception
- 2021-11-16
- Has Options
- No
- Expense ratio
- 1.06% prospectus, filed Feb 26, 2026
- Assets
- $183M shares × price, Oct 9, 2026
- Trailing yield
- 2.01% paid quarterly
- Average daily volume
- $414K 30 sessions
- Holdings
- 6 top 10 are 99.3%
- Listed
- Nov 16, 2021 Cboe BZX
- Last fee change
- +7 bp filed Feb 26, 2026
Moves with. US large-cap stocks (38% of its variance, beta 0.54); Gold (11% of its variance, beta 0.10); Small caps over large (7% of its variance, beta 0.22). These factors explain 57% of its daily moves over the last year.
Stated objective. The McElhenny Sheffield Managed Risk ETF (the Fund) seeks capital appreciation while managing downside risk. (from the fund's prospectus)
All 6 holdingsFlow historySimilar fundsOverlap toolAll Tactical & Rotation ETFs
- Jul 2026
- +$2.6M latest reported month
- Latest 3 months
- +$25M +13.7% of assets
- Latest 12 months
- +$40M +22.2% of assets
View as a table
| Month | Net flow |
|---|---|
| Jul 2026 | +$2.6M |
| Jun 2026 | +$14M |
| May 2026 | +$8.2M |
| Apr 2026 | +$881K |
| Mar 2026 | $0 |
| Feb 2026 | +$1.8M |
| Jan 2026 | +$3.9M |
| Dec 2025 | +$2.6M |
| Nov 2025 | +$1.7M |
| Oct 2025 | +$2.2M |
| Sep 2025 | +$822K |
| Aug 2025 | +$1.6M |
Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 57 months ago
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| SMOMSymmetry Panoramic Sector Momentum ETF | 19% | 0.63% | $66M | +14.6% | compare |
| GGMGGM Macro Alignment ETF | 18% | 0.94% | $20M | +13.9% | compare |
| THMRTHOR AdaptiveRisk Dynamic ETF | 16% | 1.10% | $46M | — | compare |
| QVOYQ3 All-Season Active Rotation ETF | 14% | 1.32% | $59M | −2.3% | compare |
| TACKFairlead Tactical Sector ETF | 14% | 0.69% | $291M | +5.9% | compare |
Ranked by how much of the two portfolios is the same securities.
| Action | Holding | Weight before | Weight after | Shares vs flows |
|---|---|---|---|---|
| Exit | XBIState Street SPDR S&P Biotech | 20.46% | — | — |
| New position | XLEState Street Energy Select Sec | — | 19.41% | — |
| Exit | IHEiShares U.S. Pharmaceuticals E | 15.19% | — | — |
| New position | HDViShares Core High Dividend ETF | — | 14.81% | — |
2 new, 2 exited, 0 increased and 0 decreased between the fund's two latest holdings reports; turnover 36.8%. Full holdings and history
- Authorized participants
- 3 active of 3 with agreements; top 3 did 100%
- Created · redeemed
- $309M · $251M over the fiscal year
- Redemptions in kind
- 93% creations 89% in kind
- Creation unit
- 25,000 shares
- Securities lending
- authorized, none lent
From the fund's annual census filing with the SEC. In-kind redemptions are what let an ETF shed appreciated securities without realising gains.
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-09-29 | 2026-09-30 | $0.1291 | CD |
| 2026-06-29 | 2026-06-30 | $0.1934 | CD |
| 2026-03-30 | 2026-03-31 | $0.2609 | CD |
| 2025-12-30 | 2025-12-31 | $0.1186 | CD |
| 2025-09-29 | 2025-09-30 | $0.0681 | CD |
| 2025-06-27 | 2025-06-30 | $0.2279 | CD |
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| QQQ | Invesco QQQ Trust Series 1 | 39.07% | Equity (common) | US |
| XBI | State Street SPDR S&P Biotech | 20.46% | Equity (common) | US |
| IGLD | FT Vest Gold Strategy Target I | 15.25% | Equity (common) | US |
| IHE | iShares U.S. Pharmaceuticals E | 15.19% | Equity (common) | US |
| ITOT | iShares Core S&P Total U.S. St | 9.77% | Equity (common) | US |
| — | First American Treasury Obliga | 0.32% | Short-term investment | US |
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | -- | -7.27% | 3.07% | 2.69% | 1.78% | 3.19% | 0.69% |
| Feb | -- | -0.53% | -2.70% | 3.91% | -1.53% | 1.30% | 0.09% |
| Mar | -- | -1.59% | 0.17% | 1.62% | -1.26% | -4.64% | -1.14% |
| Apr | -- | 0.14% | -0.92% | -4.16% | -1.41% | 3.59% | -0.55% |
| May | -- | -0.55% | 6.36% | 2.01% | 4.18% | 3.25% | 3.05% |
| Jun | -- | -0.53% | 5.73% | 2.70% | 1.72% | -5.56% | 0.81% |
| Jul | -- | -2.28% | 3.23% | 3.39% | 3.75% | -1.94% | 1.23% |
| Aug | -- | -0.80% | -2.54% | 2.10% | 2.17% | -0.17% | 0.15% |
| Sep | -- | -0.26% | -4.84% | 3.04% | 5.55% | 0.47% | 0.79% |
| Oct | -- | -0.53% | -0.29% | -0.15% | 3.72% | 1.94%* | 0.94% |
| Nov | -1.33% | 0.63% | 3.38% | 5.82% | -0.28% | -- | 1.64% |
| Dec | 0.87% | -0.46% | 3.62% | -3.51% | 0.25% | -- | 0.15% |
| Total | -0.47% | -13.38% | 14.46% | 20.73% | 19.94% | 0.95% | 7.04% |
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
Momentum Oscillators
Volume & Volatility
Data Summary
LLM Stock Analysis Report: MSMR
Executive Summary
Overall Assessment: NEUTRAL (Confidence Level: 6/10)
Key Drivers:
- Technical indicators suggest a neutral trend, with no clear bullish or bearish momentum
- Low volatility indicates reduced market risk
- Recent news headlines are unavailable, limiting sentiment analysis
Primary Risks:
- Low trading volume and lack of institutional interest may lead to increased price volatility
- Without recent news, it's challenging to determine the stock's potential catalysts or risks
Investment Thesis: MSMR appears to be in a neutral trend, with limited price momentum. However, its low volatility and moderate beta suggest reduced market risk. A thorough analysis of technical indicators, options activity, and earnings information is necessary to inform investment decisions.
Recent News Sentiment Impact: The absence of recent news headlines limits the impact on sentiment analysis.
Technical Analysis
Trend Direction: Short-term: NEUTRAL (SMA 20 > current price); Medium-term: BEARISH (SMA 50 < SMA 200); Long-term: NEUTRAL (SMA 200 flat)
Support/Resistance Levels: Key price levels include:
- Lower Bollinger Band: $35.66
- Middle Band: $36.58
- Upper Band: $37.51
Momentum Signals: + RSI interpretation: Neutral (63.34) + MACD signal: Bullish (0.45 / -0.02 / 0.47) + Bollinger Bands position: Neutral (price within middle band)
News & Sentiment Analysis
Recent Headlines Summary: N/A (no recent news available)
Sentiment Assessment: N/A (sentiment analysis impossible without recent news headlines)
Catalyst Identification: N/A (no earnings, product launches, or regulatory changes announced recently)
Market Narrative: N/A (no clear market narrative can be established without recent news)
Risk & Volatility Assessment
Beta Interpretation: Low risk relative to the market (beta 0.74 vs SPY)
Volatility Regime: Low volatility - stock moves less than the market (Stock Volatility: 0.12, IV Premium vs HV30: N/A)
Options Market Signals: N/A (no options data available)
Downside Protection: Support levels include:
- Lower Bollinger Band: $35.66
- SMA 50: $35.41
Market Context & Positioning
Sector Performance: No sector performance data available
Institutional Activity: Low institutional interest - trading volume is moderate (20788.50)
Correlation Analysis: Correlated with the market (R-squared interpretation: 0.73)
Relative Valuation: MSMR appears relatively cheap compared to its peers.
Key Levels & Action Items
Critical Price Levels:
- Lower Bollinger Band: $35.66
- Middle Band: $36.58
- Upper Band: $37.51
Breakout/Breakdown Levels: SMA 20 and SMA 50 levels could trigger significant moves.
Time-Sensitive Catalysts: No upcoming events or catalysts identified.
Risk Management:
- Stop-loss levels: $35.66 (lower Bollinger Band)
- Position sizing considerations: Conservative approach due to low volatility
This report provides a comprehensive analysis of MSMR, highlighting its neutral trend, low volatility, and moderate beta. The absence of recent news headlines limits the impact on sentiment analysis. A thorough review of technical indicators, options activity, and earnings information is necessary to inform investment decisions.
MSMR Options Activity & IV Rank
Each spread is ranked by a composite score built in three stages. Full documentation →
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Enter a ticker to render the implied volatility surface.
Enter a ticker to render the implied volatility smile.
Risk Metrics
Analysis Details
Data Points: 251
Period: 252 trading days
Low volatility - stock moves less than market
MSMR Institutional Ownership (13F)
Latest filings — 2026-06-30Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
| # | Filer | Notional Value | % of Total | Period |
|---|
| # | Filer | Notional Value | % of Total | Period |
|---|
Click any bar to view the full quote for that stock.
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
|---|---|---|---|---|---|---|
| QQQ | Invesco QQQ Trust Series 1 | 39.07% | $751.27 | +0.49% | +0.23% | +5.09% |
| XBI | State Street SPDR S&P Biotech | 20.46% | $153.77 | +3.00% | -0.43% | -1.56% |
| IGLD | FT Vest Gold Strategy Target I | 15.25% | $20.32 | +1.80% | +1.30% | -4.15% |
| IHE | iShares U.S. Pharmaceuticals E | 15.19% | $100.09 | +1.24% | +1.46% | -0.97% |
| ITOT | iShares Core S&P Total U.S. St | 9.77% | $169.66 | +0.64% | +1.02% | +1.53% |