When the users causes a component to automatically change its Mobility setting by changing that setting on a parent or child component, undoing that change only affects the manual change caused by the user. The parent or child that automatically changed does not get reverted.
RESULT:
The child scene component reverts to Movable, but the parent is still Static.
EXPECTED:
For both parent and child to revert to Movable.
There's no existing public thread on this issue, so head over to Questions & Answers just mention UE-35885 in the post.