Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) Sees Significant Growth in Short Interest

Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) saw a large increase in short interest in October. As of October 15th, there was short interest totaling 4,087 shares, an increase of 96.1% from the September 30th total of 2,084 shares. Based on an average daily trading volume, of 4,439 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.1% of the company’s stock are short sold.

Institutional Trading of Ballast Small/Mid Cap ETF

A number of institutional investors have recently added to or reduced their stakes in the business. Atlas Brown Inc. acquired a new stake in shares of Ballast Small/Mid Cap ETF in the 3rd quarter valued at $243,000. Allied Private Wealth LLC acquired a new position in Ballast Small/Mid Cap ETF during the second quarter worth $184,000. Finally, Janney Montgomery Scott LLC raised its holdings in Ballast Small/Mid Cap ETF by 6.2% during the first quarter. Janney Montgomery Scott LLC now owns 34,589 shares of the company’s stock valued at $1,561,000 after buying an additional 2,031 shares in the last quarter.

Ballast Small/Mid Cap ETF Trading Up 0.7%

MGMT opened at $50.33 on Tuesday. Ballast Small/Mid Cap ETF has a 1 year low of $40.77 and a 1 year high of $52.30. The stock has a fifty day moving average price of $49.71 and a 200 day moving average price of $48.87. The stock has a market cap of $168.61 million, a price-to-earnings ratio of 16.95 and a beta of 0.89.

About Ballast Small/Mid Cap ETF

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.