MSSM Morgan Stanley Pathway Small-Mid Cap Equity ETF
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Morgan Stanley Pathway Small-Mid Cap Equity ETF (MSSM) ETF
No description available.
- Exchange
- ARCX
- Inception
- 1991-11-18
- Has Options
- No
- Expense ratio
- 0.62% prospectus, filed Dec 29, 2025
- Assets
- $694M shares × price, Oct 9, 2026
- Trailing yield
- 2.76%
- Average daily volume
- $821K 30 sessions
- Holdings
- 2,237 top 10 are 10.0%
- Listed
- Nov 18, 1991 NYSE Arca
- Last fee change
- +2 bp filed Dec 29, 2025
Moves with. US large-cap stocks (66% of its variance, beta 1.05); Small caps over large (29% of its variance, beta 0.73). These factors explain 94% of its daily moves over the last year.
Stated objective. Capital appreciation. (from the fund's prospectus)
All 2,237 holdingsFlow historySimilar fundsOverlap toolAll Mid Cap Blend ETFs
- May 2026
- $0 latest reported month
- Latest 3 months
- −$33M −4.3% of assets
- Latest 12 months
- −$36M −4.8% of assets
View as a table
| Month | Net flow |
|---|---|
| May 2026 | $0 |
| Apr 2026 | $0 |
| Mar 2026 | −$33M |
| Feb 2026 | $0 |
| Jan 2026 | −$8.2M |
| Dec 2025 | +$15M |
| Nov 2025 | $0 |
| Oct 2025 | −$15M |
| Sep 2025 | $0 |
| Aug 2025 | $0 |
| Jul 2025 | −$4.8M |
| Jun 2025 | +$9.1M |
Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 18 months ago
| Fund | Overlap | Fee | Assets | 1Y | |
|---|---|---|---|---|---|
| VBVanguard Morningstar Small-Cap ETF | 43% | 0.03% | $78.1B | +12.2% | compare |
| VXFVanguard Extended Market ETF | 43% | 0.05% | $30.6B | +10.5% | compare |
| MSMLiShares MSCI USA Small-Cap ETF | 39% | 0.04% | $274M | — | compare |
| DFASU.S. Small Cap Portfolio ETF Class Shares | 37% | 0.26% | $14.0B | +13.8% | compare |
| ESMLiShares ESG Aware MSCI USA Small-Cap ETF | 36% | 0.17% | $2.7B | +15.3% | compare |
Ranked by how much of the two portfolios is the same securities.
- Holdings vs fair value
- +10.3% 44% under, 23% over · 98% covered
- Price / earnings
- 68.8 22% loss-making · 95% covered
- Price / book · sales
- 2.6 · 1.4 revenue growth +10.8%
- Above 200-day average
- 48% 33% above 50-day · by weight
- Short interest
- 8.0% of float, weighted · 4.5 days to cover
- Insider buying
- 10% of weight had net insider buying, 90 days; 59% net selling
- 13F holders
- +3.4% change in shares held by institutions, latest quarter
- Reporting earnings
- 0.8% of weight in 7 days; 10.5% in 14
Each figure is the fund's holdings weighted by position size, using our data on those stocks, and covers only the share of the stock holdings stated. Positive fair value means the holdings trade below our estimate.
| Action | Holding | Weight before | Weight after | Shares vs flows |
|---|---|---|---|---|
| Increase | SNDKSANDISK CORP | 0.51% | 1.50% | +19.2% |
| Decrease | CORMASIMO CORP | 0.48% | 0.04% | −75.7% |
| Increase | PLPLANET LABS PBC | 0.03% | 0.44% | +594.6% |
| Increase | SFMSPROUTS FARMERS MARKET INC | 0.04% | 0.39% | +808.3% |
| Decrease | KTOSKRATOS DEFENSE & SECURITY | 0.38% | 0.06% | −77.1% |
| Increase | PTCTPTC THERAPEUTICS INC | 0.03% | 0.34% | +1053.8% |
| Decrease | ONTOONTO INNOVATION INC | 0.36% | 0.07% | −82.9% |
| Decrease | RRXREGAL REXNORD CORP | 0.79% | 0.51% | −22.8% |
| Decrease | ADMAADMA BIOLOGICS INC | 0.28% | 0.01% | −92.8% |
| Decrease | HXLHEXCEL CORP | 0.30% | 0.04% | −86.1% |
15 new, 10 exited, 79 increased and 53 decreased between the fund's two latest holdings reports; turnover 16.0%. Full holdings and history
- Authorized participants
- 2 active of 4 with agreements; top 3 did 100%
- Created · redeemed
- $99M · $25M over the fiscal year
- Redemptions in kind
- 100% creations 100% in kind
- Creation unit
- 50,000 shares
- Securities lending
- 0.71% of assets on loan on average; earned 1.2 bp
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 |
|---|---|---|---|
| 2025-12-10 | 2025-12-16 | $1.5945 | CD |
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| FTAI | FTAI AVIATION LTD | 1.29% | Equity (common) | US |
| FIX | COMFORT SYSTEMS USA INC | 1.15% | Equity (common) | US |
| ASND | ASCENDIS PHARMA A/S - ADR | 1.03% | Equity (common) | DK |
| FTI | TECHNIPFMC PLC | 1.00% | Equity (common) | GB |
| VSAT | VIASAT INC | 0.87% | Equity (common) | US |
| BE | BLOOM ENERGY CORP- A | 0.80% | Equity (common) | US |
| RRX | REGAL REXNORD CORP | 0.79% | Equity (common) | US |
| CIEN | CIENA CORP | 0.73% | Equity (common) | US |
| REZI | RESIDEO TECHNOLOGIES INC | 0.60% | Equity (common) | US |
| IPGP | IPG PHOTONICS CORP | 0.57% | Equity (common) | US |
| NXT | NEXTPOWER INC-CL A | 0.55% | Equity (common) | US |
| FN | FABRINET | 0.54% | Equity (common) | TH |
| ORA | ORMAT TECHNOLOGIES INC | 0.52% | Equity (common) | US |
| ITT | ITT INC | 0.52% | Equity (common) | US |
| SMTC | SEMTECH CORP | 0.52% | Equity (common) | US |
| SNDK | SANDISK CORP | 0.51% | Equity (common) | US |
| CALX | CALIX INC | 0.51% | Equity (common) | US |
| TCBI | TEXAS CAPITAL BANCSHARES INC | 0.49% | Equity (common) | US |
| — | F/C E-MINI RUSS 2000 MAR26 | 0.49% | Derivative (equity) | US |
| COR | TOPBUILD CORP | 0.48% | Equity (common) | US |
| WTFC | WINTRUST FINANCIAL CORP | 0.48% | Equity (common) | US |
| PRIM | PRIMORIS SERVICES CORP | 0.47% | Equity (common) | US |
| PCVX | VAXCYTE INC | 0.47% | Equity (common) | US |
| COHR | COHERENT CORP | 0.47% | Equity (common) | US |
| AER | AERCAP HOLDINGS NV | 0.46% | Equity (common) | IE |
| AVNT | AVIENT CORP | 0.46% | Equity (common) | US |
| — | F/C S&P MID 400 EMINI MAR26 | 0.44% | Derivative (equity) | US |
| LGN | LEGENCE CORP-CL A | 0.44% | Equity (common) | US |
| COR | MASIMO CORP | 0.43% | Equity (common) | US |
| THC | TENET HEALTHCARE CORP | 0.42% | Equity (common) | US |
| NVRI | ENVIRI CORP | 0.42% | Equity (common) | US |
| APG | API GROUP CORP | 0.41% | Equity (common) | US |
| CHRW | C.H. ROBINSON WORLDWIDE INC | 0.41% | Equity (common) | US |
| RMBS | RAMBUS INC | 0.41% | Equity (common) | US |
| IMAX | IMAX CORP | 0.41% | Equity (common) | CA |
| HLI | HOULIHAN LOKEY INC | 0.40% | Equity (common) | US |
| SAIA | SAIA INC | 0.40% | Equity (common) | US |
| USFD | US FOODS HOLDING CORP | 0.40% | Equity (common) | US |
| CRDO | CREDO TECHNOLOGY GROUP HOLDI | 0.40% | Equity (common) | US |
| RS | RELIANCE INC | 0.40% | Equity (common) | US |
| KBR | KBR INC | 0.39% | Equity (common) | US |
| MKSI | MKS INC | 0.39% | Equity (common) | US |
| MTSI | MACOM TECHNOLOGY SOLUTIONS | 0.39% | Equity (common) | US |
| KTOS | KRATOS DEFENSE & SECURITY | 0.38% | Equity (common) | US |
| VECO | VEECO INSTRUMENTS INC | 0.38% | Equity (common) | US |
| AIT | APPLIED INDUSTRIAL TECH INC | 0.38% | Equity (common) | US |
| OPLN | OPENLANE INC | 0.37% | Equity (common) | US |
| AVY | AVERY DENNISON CORP | 0.37% | Equity (common) | US |
| RYTM | RHYTHM PHARMACEUTICALS INC | 0.37% | Equity (common) | US |
| DT | DYNATRACE INC | 0.36% | Equity (common) | US |
| Category | Weight | Value | Positions |
|---|---|---|---|
| RE | 3.66% | $27.7M | 137 |
| Short-term investment | 1.17% | $8.8M | 1 |
| Month | '24 | '25 | '26 | Avg |
|---|---|---|---|---|
| Jan | -- | 3.39% | 4.04% | 3.71% |
| Feb | -- | -3.43% | 1.35% | -1.04% |
| Mar | -- | -3.98% | -5.97% | -4.97% |
| Apr | -- | -2.57% | 10.18% | 3.80% |
| May | -- | 5.46% | 3.47% | 4.46% |
| Jun | -- | 4.76% | 4.70% | 4.73% |
| Jul | -- | 1.06% | -3.63% | -1.28% |
| Aug | -- | 6.76% | -0.90% | 2.93% |
| Sep | -- | 2.48% | -3.59% | -0.55% |
| Oct | -- | 0.91% | 0.76%* | 0.83% |
| Nov | -- | 1.62% | -- | 1.62% |
| Dec | -5.83% | -2.28% | -- | -4.05% |
| Total | -5.83% | 14.34% | 9.79% | 6.10% |
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: MSSM
Executive Summary
Overall Assessment: NEUTRAL (6/10)
Key Drivers:
- Technical signals suggest a neutral market environment, with no clear trend direction
- Volatility is above average, indicating potential for increased price movement
- Earnings and options data are not available, limiting insight into catalysts and risk management considerations
Primary Risks:
- High volatility could lead to significant price movements in either direction
- Lack of earnings data hinders analysis of potential catalysts and growth prospects
Investment Thesis: MSSM is currently trading within a neutral zone, with no clear trend direction. The stock's high volatility suggests potential for increased price movement, but the absence of earnings data limits insight into growth prospects.
Recent News Sentiment Impact: No recent news headlines are available to analyze.
Technical Analysis
Trend Direction: Neutral (no clear trend)
Support/Resistance Levels: Key levels include:
- Upper Bollinger Band: $61.29
- Middle Line: $60.03
- Lower Bollinger Band: $58.77
Momentum Signals:
- RSI (14): 40.13 (neutral)
- MACD: -0.15 / Signal: -0.17 / Histogram: 0.02 (bullish)
Volume Analysis: Volume trends indicate:
- Volume SMA 20: 28210.30
- On-Balance Volume (OBV): -2921965.92
- Volume Rate of Change: -40.24%
News & Sentiment Analysis
Recent Headlines Summary: No recent news headlines are available to analyze.
Sentiment Assessment: Neutral sentiment, as there is no clear direction in the market.
Catalyst Identification: Earnings data is not available, but upcoming events or product launches could provide catalysts for the stock.
Market Narrative: The neutral market environment and lack of earnings data create uncertainty around the stock's potential growth prospects.
Risk & Volatility Assessment
Beta Interpretation: Beta: 1.16 (vs SPY), indicating above-average risk relative to the market.
Volatility Regime: Current volatility is above average, suggesting potential for increased price movement.
Options Market Signals: No options data available.
Downside Protection: Support levels include:
- Lower Bollinger Band: $58.77
- SMA 50: $59.67
Market Context & Positioning
Sector Performance: MSSM's sector performance is not available, but the neutral market environment could indicate a mixed outlook for the sector.
Institutional Activity: No institutional activity data available to analyze.
Correlation Analysis: The stock's correlation with the market is 0.84, indicating that it tends to move in line with broader market trends.
Relative Valuation: Position within trading range, but lack of earnings data hinders analysis of growth prospects.
Key Levels & Action Items
Critical Price Levels:
- Upper Bollinger Band: $61.29
- Middle Line: $60.03
- Lower Bollinger Band: $58.77
Breakout/Breakdown Levels: Technical levels that could trigger significant moves include:
- SMA 20: $60.03
- EMA 12: $59.64
Time-Sensitive Catalysts: No time-sensitive catalysts are available to analyze.
Risk Management: Consider stop-loss levels and position sizing considerations based on the stock's volatility and market conditions.
This report provides a comprehensive analysis of MSSM, incorporating technical indicators, options metrics, beta analysis, market data, and recent news headlines. The neutral market environment and lack of earnings data create uncertainty around the stock's potential growth prospects.
MSSM 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
Above average volatility - stock moves with market amplification
MSSM Institutional Ownership (13F)
Latest filings — 2026-09-30Institutional 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 |
|---|