Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) Sees Large Decrease in Short Interest

by · The Markets Daily

Ballast Small/Mid Cap ETF (NYSEARCA:MGMT – Get Free Report) saw a significant 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. Currently, 0.1% of the shares of the company are short sold. Based on an average daily volume of 2,623 shares, the short-interest ratio is presently 0.7 days.

Ballast Small/Mid Cap ETF Stock Up 0.9%

MGMT traded up $0.46 during trading hours on Thursday, reaching $48.97. 12,113 shares of the company’s stock traded hands, compared to its average volume of 9,072. The firm has a 50-day moving average price of $50.70 and a 200 day moving average price of $49.01. Ballast Small/Mid Cap ETF has a 52-week low of $40.77 and a 52-week high of $52.30. The firm has a market capitalization of $165.52 million, a PE ratio of 16.95 and a beta of 0.89.

Hedge Funds Weigh In On Ballast Small/Mid Cap ETF

An institutional investor 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 – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 as of its most recent SEC filing.

About Ballast Small/Mid Cap ETF

(Get Free Report)

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.

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