Short Interest in Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) Expands By 265.7%

Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) was the target of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 6,959 shares, a growth of 265.7% from the May 14th total of 1,903 shares. Based on an average daily volume of 11,796 shares, the short-interest ratio is currently 0.6 days. Currently, 0.2% of the company’s shares are sold short.

Ballast Small/Mid Cap ETF Trading Up 0.6%

NYSEARCA MGMT traded up $0.28 during trading hours on Friday, hitting $50.21. 17,549 shares of the company’s stock were exchanged, compared to its average volume of 10,953. The stock has a 50-day simple moving average of $47.83 and a 200 day simple moving average of $46.90. Ballast Small/Mid Cap ETF has a 1-year low of $38.38 and a 1-year high of $50.48. The firm has a market cap of $180.76 million, a price-to-earnings ratio of 16.95 and a beta of 0.88.

Institutional Investors Weigh In On Ballast Small/Mid Cap ETF

Large investors have recently added to or reduced their stakes in the business. Miller Global Investments LLC acquired a new stake in Ballast Small/Mid Cap ETF during the fourth quarter worth approximately $710,000. Janney Montgomery Scott LLC grew its stake in Ballast Small/Mid Cap ETF by 6.2% in the first quarter. Janney Montgomery Scott LLC now owns 34,589 shares of the company’s stock valued at $1,561,000 after acquiring an additional 2,031 shares during the period. Finally, Employees Retirement Fund of the City of Fort Worth acquired a new stake in Ballast Small/Mid Cap ETF in the third quarter valued at approximately $2,502,000.

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.