Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) Short Interest Up 139.6% in August

Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) was the target of a significant increase in short interest in August. As of August 31st, there was short interest totaling 3,436 shares, an increase of 139.6% from the August 15th total of 1,434 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 4,063 shares, the days-to-cover ratio is currently 0.8 days.

Institutional Investors Weigh In On Ballast Small/Mid Cap ETF

An institutional investor recently raised its position in Ballast Small/Mid Cap ETF stock. Janney Montgomery Scott LLC lifted its position in shares of Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) by 6.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund 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 at the end of the most recent reporting period.

Ballast Small/Mid Cap ETF Price Performance

Shares of MGMT stock traded down $0.07 during trading hours on Tuesday, reaching $49.77. 2,642 shares of the company traded hands, compared to its average volume of 9,335. The company has a market cap of $170.21 million, a P/E ratio of 16.95 and a beta of 0.87. The firm has a 50-day moving average price of $50.96 and a 200 day moving average price of $48.83. Ballast Small/Mid Cap ETF has a 12-month low of $40.77 and a 12-month high of $52.30.

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.