Short Interest in Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) Expands By 265.7%

Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) was the recipient of a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 6,959 shares, a growth of 265.7% from the May 14th total of 1,903 shares. Based on an average trading volume of 11,796 shares, the short-interest ratio is presently 0.6 days. Currently, 0.2% of the company’s stock are sold short.

Ballast Small/Mid Cap ETF Stock Performance

Ballast Small/Mid Cap ETF stock traded up $0.28 during mid-day trading on Friday, reaching $50.21. The stock had a trading volume of 17,549 shares, compared to its average volume of 10,953. Ballast Small/Mid Cap ETF has a fifty-two week low of $38.38 and a fifty-two week high of $50.48. The stock’s 50-day simple moving average is $47.83 and its 200-day simple moving average is $46.90. The firm has a market capitalization of $180.76 million, a PE ratio of 16.95 and a beta of 0.88.

Institutional Investors Weigh In On Ballast Small/Mid Cap ETF

A number of hedge funds have recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC grew its stake in Ballast Small/Mid Cap ETF by 6.2% in the first quarter. Janney Montgomery Scott LLC now owns 34,589 shares of the company’s stock valued at $1,561,000 after acquiring an additional 2,031 shares during the period. Miller Global Investments LLC acquired a new stake in Ballast Small/Mid Cap ETF in the fourth quarter valued at approximately $710,000. Finally, Employees Retirement Fund of the City of Fort Worth acquired a new stake in Ballast Small/Mid Cap ETF in the third quarter valued at approximately $2,502,000.

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.