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

Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) was the recipient of a large growth in short interest in the month of August. As of August 31st, there was short interest totaling 3,436 shares, a growth of 139.6% from the August 15th total of 1,434 shares. Based on an average daily trading 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.

Ballast Small/Mid Cap ETF Trading Up 0.8%

NYSEARCA:MGMT traded up $0.38 on Friday, reaching $50.37. The stock had a trading volume of 2,081 shares, compared to its average volume of 9,374. The company has a 50-day moving average of $50.97 and a 200 day moving average of $48.82. The stock has a market cap of $172.27 million, a P/E 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.

Institutional Inflows and Outflows

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

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.