Short Interest in Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) Decreases By 42.0%

Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) was the target of a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 1,154 shares, a decline of 42.0% from the July 15th total of 1,989 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average daily volume of 13,257 shares, the short-interest ratio is currently 0.1 days.

Ballast Small/Mid Cap ETF Stock Performance

Shares of NYSEARCA MGMT remained flat at $51.65 during midday trading on Wednesday. The stock had a trading volume of 1,204 shares, compared to its average volume of 10,004. The company has a market cap of $176.64 million, a PE ratio of 16.95 and a beta of 0.87. Ballast Small/Mid Cap ETF has a 12 month low of $40.77 and a 12 month high of $52.30. The company’s 50 day simple moving average is $50.63 and its two-hundred day simple moving average is $48.56.

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) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent reporting period.

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.