LHA Market State Tactical Beta ETF (MSTB)

• Market cap: $178M
• 1 day: 0%
• 5 days: 1.5%
• 1 month: 2.46%
• 3 months: 7.25%
• 6 months: 20.85%
• Year to date: 16.19%
• 1 year: 18.12%
• 5 years: 55.72%
• 10 years: 55.72%

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

33% more first-time investments, than exits

New positions opened: 4 | Existing positions closed: 3

10% more capital invested

Capital invested by funds: $102M [Q1] → $113M (+$10.3M) [Q2]

6% more funds holding

Funds holding: 18 [Q1] → 19 (+1) [Q2]

0% more funds holding in top 10

Funds holding in top 10: 1 [Q1] → 1 (+0) [Q2]

1.55% less ownership

Funds ownership: 75.74% [Q1] → 74.19% (-1.55%) [Q2]

48% less call options, than puts

Call options by funds: $31K | Put options by funds: $60K

67% less repeat investments, than reductions

Existing positions increased: 3 | Existing positions reduced: 9