Ballast Small/Mid Cap ETF (NYSEARCA:MGMT – Get Free Report) was the recipient of a significant increase in short interest in August. As of August 31st, there was short interest totaling 3,436 shares, an increase of 139.6% from the August 15th total of 1,434 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 4,063 shares, the short-interest ratio is presently 0.8 days.
Ballast Small/Mid Cap ETF Stock Down 1.1%
MGMT traded down $0.53 on Monday, reaching $49.84. The company’s stock had a trading volume of 2,642 shares, compared to its average volume of 9,335. The company has a market capitalization of $170.45 million, a price-to-earnings ratio of 16.95 and a beta of 0.87. Ballast Small/Mid Cap ETF has a fifty-two week low of $40.77 and a fifty-two week high of $52.30. The stock has a 50 day moving average of $50.97 and a two-hundred day moving average of $48.82.
Institutional Inflows and Outflows
A hedge fund recently bought a new position in Ballast Small/Mid Cap ETF stock. Allied Private Wealth LLC acquired a new stake in shares of Ballast Small/Mid Cap ETF (NYSEARCA:MGMT – Free Report) during the second 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 about 0.11% of Ballast Small/Mid Cap ETF 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.
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