Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) Short Interest Up 139.6% in August

Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) saw a large increase in short interest in August. As of August 31st, there was short interest totaling 3,436 shares, an increase of 139.6% from the August 15th total of 1,434 shares. Based on an average daily volume of 4,063 shares, the short-interest ratio is currently 0.8 days. Approximately 0.1% of the company’s stock are short sold.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Ballast Small/Mid Cap ETF stock. Janney Montgomery Scott LLC raised its stake in Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) by 6.2% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 34,589 shares of the company’s stock after purchasing an additional 2,031 shares during the period. Janney Montgomery Scott LLC owned 0.96% of Ballast Small/Mid Cap ETF worth $1,561,000 as of its most recent SEC filing.

Ballast Small/Mid Cap ETF Stock Performance

Shares of MGMT stock traded up $0.38 during mid-day trading on Friday, reaching $50.37. 2,081 shares of the company were exchanged, compared to its average volume of 9,374. Ballast Small/Mid Cap ETF has a fifty-two week low of $40.77 and a fifty-two week high of $52.30. The company has a market capitalization of $172.27 million, a P/E ratio of 16.95 and a beta of 0.87. The business’s 50 day simple moving average is $50.97 and its 200 day simple moving average is $48.82.

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.