# LHA Market State Tactical Beta ETF (MSTB) — Overview

MSTB · BATS · Fund

Canonical page: https://www.lighthorse.io/tickers/mstb

## Price

Last close $44.30 on Oct 15, 2026. 52-week range $37.53 – $44.68.

## Fund profile

MSTB 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.

| Metric | Value |
| --- | --- |
| Issuer | Little Harbor Advisors |
| Industry | — |
| Inception | Sep 30, 2020 |
| Assets under management | $199.8M |
| Expense ratio | 1.40% |
| Net asset value | $44.28 (as of Oct 15, 2026) |
| Distributions | Annually |
| Leverage | 1x |

## Frequently Asked Questions

### What is LHA Market State Tactical Beta ETF (MSTB)?

MSTB 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.

### What is MSTB's expense ratio?

LHA Market State Tactical Beta ETF charges an annual expense ratio of 1.40%. The fund is issued by Little Harbor Advisors.

### How large is MSTB?

LHA Market State Tactical Beta ETF manages $199.8M in assets and has traded since Sep 30, 2020.

### How do I buy shares of LHA Market State Tactical Beta ETF (MSTB)?

MSTB trades commission-free with a Light Horse Securities brokerage account — from the mobile app, the web at [Light Horse Dashboard](https://portal.lighthorse.io), the trading API, or an [AI agent connected over MCP](/instructions/ai/claude). The trade panel on this page places the order once you are signed in.

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Quotes and charts are not real-time and must not be relied on for trade decisions or valuation.

This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.

Data provided by [AInvest](https://www.ainvest.com).