Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) Stock Short Interest Report for October

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

Ballast Small/Mid Cap ETF Stock Performance

Ballast Small/Mid Cap ETF stock traded up $0.91 during midday trading on Monday, reaching $50.87. The stock had a trading volume of 1,858 shares, compared to its average volume of 8,553. Ballast Small/Mid Cap ETF has a twelve month low of $40.77 and a twelve month high of $52.30. The stock has a market capitalization of $170.43 million, a PE ratio of 16.95 and a beta of 0.89. The stock’s 50-day simple moving average is $49.74 and its 200 day simple moving average is $48.86.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Allied Private Wealth LLC acquired a new stake in shares of Ballast Small/Mid Cap ETF in the second quarter valued at $184,000. Atlas Brown Inc. purchased a new stake in Ballast Small/Mid Cap ETF in the 3rd quarter worth about $243,000. Finally, Janney Montgomery Scott LLC lifted its position in Ballast Small/Mid Cap ETF by 6.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 34,589 shares of the company’s stock worth $1,561,000 after buying an additional 2,031 shares in the last quarter.

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.