Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) Sees Significant Increase in Short Interest

Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) was the target of a large growth in short interest in May. As of May 29th, there was short interest totaling 6,959 shares, a growth of 265.7% from the May 14th total of 1,903 shares. Based on an average daily volume of 11,796 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.2% of the shares of the stock are short sold.

Hedge Funds Weigh In On Ballast Small/Mid Cap ETF

A number of institutional investors have recently bought and sold shares of MGMT. Miller Global Investments LLC purchased a new position in Ballast Small/Mid Cap ETF in the 4th quarter worth about $710,000. Janney Montgomery Scott LLC boosted its holdings in shares of Ballast Small/Mid Cap ETF by 6.2% in the first 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 during the period. Finally, Employees Retirement Fund of the City of Fort Worth acquired a new position in shares of Ballast Small/Mid Cap ETF in the third quarter worth about $2,502,000.

Ballast Small/Mid Cap ETF Trading Up 0.6%

Shares of NYSEARCA MGMT traded up $0.28 during midday trading on Friday, reaching $50.21. The company’s stock had a trading volume of 17,549 shares, compared to its average volume of 10,953. The company has a 50 day moving average price of $47.83 and a 200 day moving average price of $46.90. Ballast Small/Mid Cap ETF has a one year low of $38.38 and a one year high of $50.48. The company has a market cap of $180.76 million, a price-to-earnings ratio of 16.95 and a beta of 0.88.

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.