Short Interest in Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) Drops By 26.2%

Ballast Small/Mid Cap ETF (NYSEARCA:MGMTGet Free Report) saw a significant decrease in short interest in December. As of December 15th, there was short interest totaling 3,669 shares, a decrease of 26.2% from the November 30th total of 4,969 shares. Based on an average daily volume of 9,233 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.1% of the shares of the company are sold short. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 9,233 shares, the days-to-cover ratio is presently 0.4 days.

Ballast Small/Mid Cap ETF Stock Down 0.2%

Shares of MGMT traded down $0.09 during mid-day trading on Tuesday, hitting $44.73. 4,050 shares of the company’s stock were exchanged, compared to its average volume of 11,591. The stock has a market cap of $156.56 million, a price-to-earnings ratio of 16.95 and a beta of 0.92. The firm has a fifty day moving average of $43.77 and a two-hundred day moving average of $42.83. Ballast Small/Mid Cap ETF has a twelve month low of $32.09 and a twelve month high of $46.06.

Ballast Small/Mid Cap ETF Dividend Announcement

The company also recently disclosed an annual dividend, which will be paid on Monday, January 5th. Stockholders of record on Tuesday, December 30th will be issued a dividend of $0.1507 per share. The ex-dividend date of this dividend is Tuesday, December 30th. This represents a dividend yield of 34.0%.

Institutional Trading of Ballast Small/Mid Cap ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Atlas Brown Inc. acquired a new position in Ballast Small/Mid Cap ETF during the 3rd quarter worth approximately $220,000. Janney Montgomery Scott LLC lifted its stake in shares of Ballast Small/Mid Cap ETF by 5.8% during the 2nd quarter. Janney Montgomery Scott LLC now owns 39,006 shares of the company’s stock worth $1,540,000 after buying an additional 2,148 shares during the last quarter. 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 Company Profile

(Get Free Report)

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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