Short Interest in Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) Drops By 76.0%

Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) saw a large decline in short interest in the month of March. As of March 31st, there was short interest totaling 8,149 shares, a decline of 76.0% from the March 15th total of 33,895 shares. Based on an average daily trading volume, of 4,608 shares, the short-interest ratio is currently 1.8 days. Currently, 0.2% of the company’s shares are sold short.

Hedge Funds Weigh In On Ballast Small/Mid Cap ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. Atlas Brown Inc. acquired a new position in shares of Ballast Small/Mid Cap ETF in the 3rd quarter valued at $220,000. Miller Global Investments LLC bought a new stake in Ballast Small/Mid Cap ETF in the 4th quarter valued at $710,000. Finally, Employees Retirement Fund of the City of Fort Worth bought a new stake in Ballast Small/Mid Cap ETF in the 3rd quarter valued at $2,502,000.

Ballast Small/Mid Cap ETF Trading Up 1.3%

Shares of MGMT stock traded up $0.59 on Monday, hitting $47.39. The stock had a trading volume of 4,896 shares, compared to its average volume of 10,583. Ballast Small/Mid Cap ETF has a twelve month low of $35.00 and a twelve month high of $50.23. The firm has a market cap of $176.29 million, a P/E ratio of 16.95 and a beta of 0.91. The company has a fifty day moving average price of $46.96 and a two-hundred day moving average price of $45.47.

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.