Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) Short Interest Down 48.0% in July

Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) was the recipient of a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 1,989 shares, a drop of 48.0% from the June 30th total of 3,827 shares. Based on an average trading volume of 7,576 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the company’s shares are short sold.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Ballast Small/Mid Cap ETF stock. Allied Private Wealth LLC acquired a new position in Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) during the second quarter, according to the company in its most recent filing with the SEC. The fund acquired 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 reporting period.

Ballast Small/Mid Cap ETF Stock Performance

Shares of NYSEARCA:MGMT traded down $0.56 during trading on Wednesday, reaching $50.60. 8,643 shares of the stock were exchanged, compared to its average volume of 10,392. Ballast Small/Mid Cap ETF has a 12-month low of $38.90 and a 12-month high of $51.33. The firm’s 50-day moving average price is $49.66 and its 200 day moving average price is $48.18. The firm has a market cap of $174.57 million, a price-to-earnings 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.