Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) Short Interest Update

Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) saw a large increase in short interest in December. As of December 31st, there was short interest totaling 4,561 shares, an increase of 24.3% from the December 15th total of 3,669 shares. Based on an average daily volume of 7,084 shares, the short-interest ratio is currently 0.6 days. Approximately 0.1% of the company’s stock are short sold. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 7,084 shares, the short-interest ratio is currently 0.6 days.

Institutional Investors Weigh In On Ballast Small/Mid Cap ETF

A number of institutional investors have recently modified their holdings of MGMT. Janney Montgomery Scott LLC lifted its position in shares of Ballast Small/Mid Cap ETF by 5.8% during the second quarter. Janney Montgomery Scott LLC now owns 39,006 shares of the company’s stock worth $1,540,000 after purchasing an additional 2,148 shares during the last quarter. Atlas Brown Inc. acquired a new stake in Ballast Small/Mid Cap ETF during the third quarter valued at approximately $220,000. Miller Global Investments LLC bought a new position in Ballast Small/Mid Cap ETF during the 4th quarter worth approximately $710,000. Finally, Employees Retirement Fund of the City of Fort Worth bought a new position in Ballast Small/Mid Cap ETF during the 3rd quarter worth approximately $2,502,000.

Ballast Small/Mid Cap ETF Stock Performance

Shares of MGMT stock traded down $0.23 during mid-day trading on Friday, reaching $48.49. 2,352 shares of the company were exchanged, compared to its average volume of 6,705. The business’s 50 day simple moving average is $44.58 and its 200 day simple moving average is $43.49. The company has a market capitalization of $167.29 million, a P/E ratio of 16.95 and a beta of 0.92. Ballast Small/Mid Cap ETF has a fifty-two week low of $32.09 and a fifty-two week high of $48.80.

Ballast Small/Mid Cap ETF Dividend Announcement

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

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.