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

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

Ballast Small/Mid Cap ETF Stock Performance

NYSEARCA MGMT opened at $52.25 on Monday. Ballast Small/Mid Cap ETF has a 12 month low of $40.77 and a 12 month high of $52.28. The stock’s fifty day moving average price is $50.52 and its 200-day moving average price is $48.51. The stock has a market cap of $178.69 million, a P/E ratio of 16.95 and a beta of 0.87.

Institutional Trading of Ballast Small/Mid Cap ETF

A hedge fund recently raised its stake in Ballast Small/Mid Cap ETF stock. Janney Montgomery Scott LLC grew its holdings in Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) by 6.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,589 shares of the company’s stock after purchasing an additional 2,031 shares during the period. Janney Montgomery Scott LLC owned about 0.96% of Ballast Small/Mid Cap ETF worth $1,561,000 as of its most recent SEC filing.

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.