Ballast Small/Mid Cap ETF (NYSEARCA:MGMT – Get Free Report) was the target of a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 3,827 shares, a drop of 59.7% from the June 15th total of 9,493 shares. Based on an average trading volume of 4,609 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.1% of the company’s shares are sold short.
Ballast Small/Mid Cap ETF Price Performance
Ballast Small/Mid Cap ETF stock traded down $0.10 during trading hours on Wednesday, reaching $50.36. The company had a trading volume of 7,417 shares, compared to its average volume of 10,177. 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 50-day moving average price of $49.08 and a 200 day moving average price of $47.78. The firm has a market cap of $177.77 million, a price-to-earnings ratio of 16.95 and a beta of 0.87.
Institutional Investors Weigh In On Ballast Small/Mid Cap ETF
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Allied Private Wealth LLC bought a new stake in Ballast Small/Mid Cap ETF in the 2nd quarter worth $184,000. Miller Global Investments LLC bought a new position in shares of Ballast Small/Mid Cap ETF during the fourth quarter valued at about $710,000. Finally, Janney Montgomery Scott LLC boosted its holdings in shares of Ballast Small/Mid Cap ETF by 6.2% during the first quarter. Janney Montgomery Scott LLC now owns 34,589 shares of the company’s stock worth $1,561,000 after purchasing an additional 2,031 shares during the period.
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.
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