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

The Ballast Small/Mid Cap ETF (MGMT) is an actively managed exchange-traded fund that focuses on investing in the equity securities of domestic small to medium-sized companies, primarily in the form of common stocks. The funds investment strategy is centered around identifying opportunities in the small to mid-cap segment, which can potentially offer higher growth prospects compared to larger-cap companies.

Under normal market conditions, the fund allocates at least 80% of its net assets to these equity securities, utilizing borrowings for investment purposes when deemed necessary. The remaining portion of the funds assets may be invested in cash and cash equivalents, such as money market funds and short-term fixed income investments, as a protective measure to safeguard principal or when the Adviser believes that the market conditions are not favorable for investment.

Given the current technical indicators, the funds last price is $38.66, with its 20-day Simple Moving Average (SMA) at $37.13 and 50-day SMA at $37.48, indicating a positive short-term trend. However, the 200-day SMA stands at $39.28, suggesting that the fund is currently trading below its longer-term average. The Average True Range (ATR) is 1.22, equivalent to 3.16%, indicating moderate volatility. Considering these technical factors, along with the funds Assets Under Management (AUM) of $146.99M USD, we can infer that MGMT has a relatively stable presence in the market.

Forecasting the future performance of MGMT involves analyzing both its technical and fundamental data. Given its current price is below the 200-day SMA, it may be experiencing a temporary downturn. However, the short-term SMAs suggest a recent upward trend. If the fund continues to demonstrate growth and the Adviser identifies sufficient investment opportunities, MGMT could potentially move towards its 52-week high of $43.98. Conversely, if market conditions deteriorate, it may revisit its 52-week low of $33.53. Based on these indicators, a prudent forecast would be that MGMT may experience a gradual recovery, potentially reaching $40 in the near term, contingent upon favorable market conditions and the Advisers ability to identify suitable investments.