Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) Short Interest Down 48.0% in July

Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) was the recipient of a large decline in short interest in the month of July. As of July 15th, there was short interest totaling 1,989 shares, a decline of 48.0% from the June 30th total of 3,827 shares. Based on an average trading volume of 7,576 shares, the short-interest ratio is presently 0.3 days. Currently, 0.1% of the shares of the company are short sold.

Ballast Small/Mid Cap ETF Price Performance

Shares of NYSEARCA:MGMT traded up $0.49 during midday trading on Friday, hitting $50.76. The company had a trading volume of 4,635 shares, compared to its average volume of 10,428. Ballast Small/Mid Cap ETF has a 12-month low of $38.90 and a 12-month high of $51.33. The company has a fifty day moving average of $49.79 and a two-hundred day moving average of $48.23. The company has a market cap of $175.12 million, a price-to-earnings ratio of 16.95 and a beta of 0.87.

Institutional Trading of Ballast Small/Mid Cap ETF

A hedge fund recently bought a new stake in Ballast Small/Mid Cap ETF stock. Allied Private Wealth LLC acquired a new position in Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 3,715 shares of the company’s stock, valued at approximately $184,000. Allied Private Wealth LLC owned 0.11% of Ballast Small/Mid Cap ETF as of its most recent SEC filing.

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.