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

Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) saw a significant decrease in short interest in May. As of May 15th, there was short interest totaling 1,903 shares, a decrease of 61.4% from the April 30th total of 4,929 shares. Based on an average trading volume of 9,889 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are sold short.

Institutional Investors Weigh In On Ballast Small/Mid Cap ETF

Several large investors have recently made changes to their positions in the stock. Janney Montgomery Scott LLC increased its position in shares of Ballast Small/Mid Cap ETF by 6.2% during the first quarter. Janney Montgomery Scott LLC now owns 34,589 shares of the company’s stock worth $1,561,000 after acquiring an additional 2,031 shares in the last quarter. Miller Global Investments LLC bought a new position in Ballast Small/Mid Cap ETF in the fourth quarter valued at $710,000. Finally, Employees Retirement Fund of the City of Fort Worth bought a new position in Ballast Small/Mid Cap ETF in the third quarter valued at $2,502,000.

Ballast Small/Mid Cap ETF Trading Up 0.1%

Shares of MGMT stock traded up $0.04 during trading hours on Friday, hitting $48.50. 7,311 shares of the company were exchanged, compared to its average volume of 10,561. The business has a 50 day moving average of $46.98 and a two-hundred day moving average of $46.44. Ballast Small/Mid Cap ETF has a 52 week low of $37.89 and a 52 week high of $50.23. The company has a market capitalization of $174.60 million, a PE ratio of 16.95 and a beta of 0.89.

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.