Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) Short Interest Update

Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) was the target of a large drop in short interest during the month of May. As of May 15th, there was short interest totaling 1,903 shares, a drop of 61.4% from the April 30th total of 4,929 shares. Based on an average daily trading volume, of 9,889 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are sold short.

Ballast Small/Mid Cap ETF Trading Up 0.1%

NYSEARCA:MGMT opened at $48.50 on Friday. Ballast Small/Mid Cap ETF has a 1 year low of $37.89 and a 1 year high of $50.23. The firm’s fifty day simple moving average is $46.98 and its 200 day simple moving average is $46.41. The firm has a market capitalization of $174.60 million, a PE ratio of 16.95 and a beta of 0.89.

Institutional Trading of Ballast Small/Mid Cap ETF

Several hedge funds and other institutional investors have recently bought and sold shares of MGMT. Employees Retirement Fund of the City of Fort Worth acquired a new stake in Ballast Small/Mid Cap ETF in the 3rd quarter worth $2,502,000. Miller Global Investments LLC acquired a new stake in Ballast Small/Mid Cap ETF in the 4th quarter worth $710,000. Finally, Janney Montgomery Scott LLC grew its position in Ballast Small/Mid Cap ETF by 6.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 34,589 shares of the company’s stock worth $1,561,000 after purchasing an additional 2,031 shares during the last quarter.

Ballast Small/Mid Cap ETF Company Profile

The Ballast Small\u002FMid Cap ETF (MGMT) is an exchange-traded fund that mostly invests in extended market equity. The fund is an actively-managed fund that aims for positive risk-adjusted returns. MGMT was launched on Dec 2, 2020 and is managed by Ballast.