Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) Short Interest Update

Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) was the target of a large growth in short interest in March. As of March 13th, there was short interest totaling 33,895 shares, a growth of 30.3% from the February 26th total of 26,014 shares. Approximately 1.0% of the company’s stock are short sold. Based on an average trading volume of 9,319 shares, the days-to-cover ratio is presently 3.6 days.

Ballast Small/Mid Cap ETF Price Performance

MGMT stock traded down $0.26 during trading hours on Monday, reaching $44.37. 5,173 shares of the stock were exchanged, compared to its average volume of 11,070. The firm’s 50-day moving average is $47.38 and its 200-day moving average is $45.33. Ballast Small/Mid Cap ETF has a 12 month low of $32.09 and a 12 month high of $50.23. The company has a market cap of $153.08 million, a price-to-earnings ratio of 16.95 and a beta of 0.92.

Institutional Investors Weigh In On Ballast Small/Mid Cap ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of MGMT. Atlas Brown Inc. bought a new stake in Ballast Small/Mid Cap ETF in the 3rd quarter valued at approximately $220,000. Employees Retirement Fund of the City of Fort Worth acquired a new stake in shares of Ballast Small/Mid Cap ETF in the third quarter valued at approximately $2,502,000. Finally, Miller Global Investments LLC acquired a new stake in shares of Ballast Small/Mid Cap ETF in the fourth quarter valued at approximately $710,000.

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.