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 large decrease in short interest during the month of July. As of July 15th, there was short interest totaling 1,989 shares, a decrease of 48.0% from the June 30th total of 3,827 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 7,576 shares, the short-interest ratio is currently 0.3 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Ballast Small/Mid Cap ETF stock. Allied Private Wealth LLC bought a new position in shares of Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,715 shares of the company’s stock, valued at approximately $184,000. Allied Private Wealth LLC owned 0.11% of Ballast Small/Mid Cap ETF at the end of the most recent quarter.

Ballast Small/Mid Cap ETF Stock Down 1.1%

Shares of MGMT traded down $0.56 during mid-day trading on Wednesday, reaching $50.60. 8,643 shares of the company’s stock were exchanged, compared to its average volume of 10,392. The company has a 50-day simple moving average of $49.66 and a two-hundred day simple moving average of $48.18. The company 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 has a 52-week low of $38.90 and a 52-week high of $51.33.

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.