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

Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) was the recipient of a large decrease in short interest during the month of July. As of July 31st, there was short interest totaling 1,154 shares, a decrease of 42.0% from the July 15th total of 1,989 shares. Based on an average daily volume of 13,257 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

Institutional Investors Weigh In On Ballast Small/Mid Cap ETF

A hedge fund recently bought a new position in Ballast Small/Mid Cap ETF stock. Allied Private Wealth LLC purchased a new stake in shares of Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 3,715 shares of the company’s stock, valued at approximately $184,000. Allied Private Wealth LLC owned approximately 0.11% of Ballast Small/Mid Cap ETF at the end of the most recent reporting period.

Ballast Small/Mid Cap ETF Price Performance

Shares of NYSEARCA:MGMT traded down $0.50 during trading on Tuesday, hitting $51.65. The company’s stock had a trading volume of 1,204 shares, compared to its average volume of 10,004. The company has a 50-day moving average of $50.58 and a 200-day moving average of $48.53. The firm has a market cap of $176.64 million, a price-to-earnings ratio of 16.95 and a beta of 0.87. Ballast Small/Mid Cap ETF has a 12 month low of $40.77 and a 12 month high of $52.30.

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.