Short Interest in Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) Drops By 59.7%

Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) was the target of a large decrease in short interest in June. As of June 30th, there was short interest totaling 3,827 shares, a decrease of 59.7% from the June 15th total of 9,493 shares. Based on an average daily trading volume, of 4,609 shares, the short-interest ratio is presently 0.8 days. Approximately 0.1% of the shares of the stock are sold short.

Institutional Trading of Ballast Small/Mid Cap ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in MGMT. Miller Global Investments LLC purchased a new position in Ballast Small/Mid Cap ETF in the 4th quarter worth approximately $710,000. Allied Private Wealth LLC purchased a new stake in Ballast Small/Mid Cap ETF during the 2nd quarter valued at approximately $184,000. Finally, Janney Montgomery Scott LLC grew its holdings in Ballast Small/Mid Cap ETF by 6.2% during 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 Up 0.4%

NYSEARCA:MGMT traded up $0.22 on Tuesday, reaching $50.46. 26,925 shares of the company’s stock traded hands, compared to its average volume of 10,197. The stock has a 50-day simple moving average of $49.05 and a 200-day simple moving average of $47.75. Ballast Small/Mid Cap ETF has a 12 month low of $38.90 and a 12 month high of $51.33. The firm has a market cap of $178.12 million, a PE ratio of 16.95 and a beta of 0.87.

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.