Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) Short Interest Up 265.7% in May

Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) was the target of a large increase in short interest in the month of May. As of May 29th, there was short interest totaling 6,959 shares, an increase of 265.7% from the May 14th total of 1,903 shares. Based on an average trading volume of 11,796 shares, the short-interest ratio is presently 0.6 days. Approximately 0.2% of the company’s shares are short sold.

Hedge Funds Weigh In On Ballast Small/Mid Cap ETF

A number of hedge funds have recently made changes to their positions in the business. Janney Montgomery Scott LLC raised its stake in shares of Ballast Small/Mid Cap ETF by 6.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 34,589 shares of the company’s stock valued at $1,561,000 after acquiring an additional 2,031 shares during the period. Miller Global Investments LLC purchased a new stake in Ballast Small/Mid Cap ETF during the 4th quarter worth $710,000. Finally, Employees Retirement Fund of the City of Fort Worth purchased a new stake in Ballast Small/Mid Cap ETF during the 3rd quarter worth $2,502,000.

Ballast Small/Mid Cap ETF Stock Up 0.6%

Shares of MGMT stock traded up $0.28 during mid-day trading on Friday, reaching $50.21. The company’s stock had a trading volume of 17,549 shares, compared to its average volume of 10,953. The company’s 50 day simple moving average is $47.83 and its 200-day simple moving average is $46.90. Ballast Small/Mid Cap ETF has a 12-month low of $38.38 and a 12-month high of $50.48. The firm has a market capitalization of $180.76 million, a PE ratio of 16.95 and a beta of 0.88.

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.