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

Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) was the target of a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 1,154 shares, a decline of 42.0% from the July 15th total of 1,989 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 13,257 shares, the days-to-cover ratio is presently 0.1 days.

Ballast Small/Mid Cap ETF Price Performance

Shares of NYSEARCA MGMT opened at $52.25 on Monday. Ballast Small/Mid Cap ETF has a 1 year low of $40.77 and a 1 year high of $52.28. The company’s 50-day moving average is $50.52 and its 200 day moving average is $48.51. The stock has a market capitalization of $178.69 million, a P/E ratio of 16.95 and a beta of 0.87.

Hedge Funds Weigh In On Ballast Small/Mid Cap ETF

A hedge fund recently raised its position in Ballast Small/Mid Cap ETF stock. Janney Montgomery Scott LLC grew its holdings in shares of Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) by 6.2% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 34,589 shares of the company’s stock after purchasing an additional 2,031 shares during the period. Janney Montgomery Scott LLC owned approximately 0.96% of Ballast Small/Mid Cap ETF worth $1,561,000 as of its most recent SEC filing.

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.