Short Interest in Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) Decreases By 23.2%

Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) saw a significant drop in short interest during the month of February. As of February 27th, there was short interest totaling 26,014 shares, a drop of 23.2% from the February 12th total of 33,863 shares. Based on an average trading volume of 9,402 shares, the days-to-cover ratio is presently 2.8 days. Currently, 0.8% of the company’s shares are short sold. Currently, 0.8% of the company’s shares are short sold. Based on an average trading volume of 9,402 shares, the days-to-cover ratio is presently 2.8 days.

Institutional Investors Weigh In On Ballast Small/Mid Cap ETF

Large investors have recently modified their holdings of the company. Atlas Brown Inc. acquired a new position in Ballast Small/Mid Cap ETF in the third quarter valued at $220,000. Miller Global Investments LLC acquired a new stake in Ballast Small/Mid Cap ETF during the 4th quarter worth about $710,000. Finally, Employees Retirement Fund of the City of Fort Worth bought a new position in shares of Ballast Small/Mid Cap ETF in the 3rd quarter worth about $2,502,000.

Ballast Small/Mid Cap ETF Trading Up 1.9%

MGMT stock traded up $0.83 during trading on Tuesday, hitting $45.48. The company had a trading volume of 458 shares, compared to its average volume of 12,060. The business has a 50-day moving average of $47.88 and a 200-day moving average of $45.28. Ballast Small/Mid Cap ETF has a one year low of $32.09 and a one year high of $50.23. The stock has a market cap of $156.91 million, a PE ratio of 16.95 and a beta of 0.92.

Ballast Small/Mid Cap ETF Dividend Announcement

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

About Ballast Small/Mid Cap ETF

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.