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 May. As of May 15th, there was short interest totaling 1,903 shares, a decline of 61.4% from the April 30th total of 4,929 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average daily volume of 9,889 shares, the days-to-cover ratio is currently 0.2 days.

Ballast Small/Mid Cap ETF Stock Up 0.1%

Shares of MGMT stock opened at $48.50 on Friday. The company’s fifty day simple moving average is $46.98 and its 200-day simple moving average is $46.41. The firm has a market cap of $174.60 million, a PE ratio of 16.95 and a beta of 0.89. Ballast Small/Mid Cap ETF has a 12 month low of $37.89 and a 12 month high of $50.23.

Institutional Trading of Ballast Small/Mid Cap ETF

Institutional investors have recently made changes to their positions in the business. Miller Global Investments LLC bought a new stake in shares of Ballast Small/Mid Cap ETF in the fourth quarter worth $710,000. Janney Montgomery Scott LLC raised its position in Ballast Small/Mid Cap ETF by 6.2% during the first quarter. Janney Montgomery Scott LLC now owns 34,589 shares of the company’s stock worth $1,561,000 after acquiring an additional 2,031 shares in the last quarter. Finally, Employees Retirement Fund of the City of Fort Worth bought a new stake in Ballast Small/Mid Cap ETF during the third quarter worth $2,502,000.

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.