(MGMT) Ballast Small/Mid Cap - Ratings and Ratios

The Ballast Small/Mid Cap ETF (NYSE ARCA: MGMT) primarily focuses on investing in domestic small to medium market capitalization companies, with a minimum of 80% of its net assets allocated to such equity securities. The funds strategy includes the flexibility to shift investments into cash, cash equivalents, or short-term fixed income instruments to preserve capital during unfavorable market conditions. This approach allows the fund to adapt to changing market dynamics, balancing growth opportunities with risk management. The ETFs composition is designed to reflect a blend of small and mid-cap companies, targeting those with strong fundamentals and growth potential.

From a technical perspective, MGMT is currently trading below its 20-day and 50-day simple moving averages (SMA), which stand at 41.50 and 41.71, respectively, while its 200-day SMA is at 38.97. This indicates that the fund is in a bearish trend in the short to medium term. The Average True Range (ATR) of 0.57 suggests relatively low volatility, providing a measure of stability for investors. The funds average 20-day volume of 9,546 shares reflects moderate liquidity, which is typical for small to mid-cap focused ETFs.

Fundamentally, the ETF has assets under management (AUM) of $159.30 million, indicating a modest but stable investor base. This size allows for efficient portfolio management while maintaining diversification across small to mid-cap companies. The funds strategy of actively shifting between equities and cash positions suggests a risk-averse approach, aiming to capitalize on growth while protecting principal during market downturns.