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

Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) was the target of a large decline in short interest in September. As of September 15th, there was short interest totaling 1,821 shares, a decline of 47.0% from the August 31st total of 3,436 shares. Based on an average daily volume of 2,623 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.1% of the company’s stock are sold short.

Ballast Small/Mid Cap ETF Stock Down 0.3%

Shares of NYSEARCA MGMT traded down $0.17 during midday trading on Wednesday, reaching $48.51. 5,293 shares of the company’s stock traded hands, compared to its average volume of 9,057. The stock’s 50 day simple moving average is $50.74 and its 200-day simple moving average is $48.99. Ballast Small/Mid Cap ETF has a one year low of $40.77 and a one year high of $52.30. The company has a market cap of $163.96 million, a price-to-earnings ratio of 16.95 and a beta of 0.87.

Institutional Trading of Ballast Small/Mid Cap ETF

A hedge fund recently bought a new position in Ballast Small/Mid Cap ETF stock. Allied Private Wealth LLC purchased a new position in Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 3,715 shares of the company’s stock, valued at approximately $184,000. Allied Private Wealth LLC owned approximately 0.11% of Ballast Small/Mid Cap ETF at the end of the most recent quarter.

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.