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

Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) was the target of a significant decrease in short interest during the month of April. As of April 15th, there was short interest totaling 6,916 shares, a decrease of 15.1% from the March 31st total of 8,149 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average trading volume of 7,300 shares, the short-interest ratio is currently 0.9 days.

Hedge Funds Weigh In On Ballast Small/Mid Cap ETF

A number of institutional investors and hedge funds have recently bought and sold shares of MGMT. Employees Retirement Fund of the City of Fort Worth bought a new position in Ballast Small/Mid Cap ETF in the 3rd quarter valued at about $2,502,000. Miller Global Investments LLC bought a new position in Ballast Small/Mid Cap ETF in the 4th quarter valued at about $710,000. Finally, Janney Montgomery Scott LLC grew 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 valued at $1,561,000 after buying an additional 2,031 shares in the last quarter.

Ballast Small/Mid Cap ETF Stock Performance

Shares of Ballast Small/Mid Cap ETF stock remained flat at $48.21 during trading on Friday. 11,333 shares of the stock traded hands, compared to its average volume of 10,537. The company has a 50 day moving average of $46.58 and a two-hundred day moving average of $45.80. The stock has a market cap of $174.52 million, a PE ratio of 16.95 and a beta of 0.91. Ballast Small/Mid Cap ETF has a fifty-two week low of $36.96 and a fifty-two week high of $50.23.

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.