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

Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) saw a significant increase in short interest in January. As of January 15th, there was short interest totaling 9,063 shares, an increase of 98.7% from the December 31st total of 4,561 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily volume of 7,184 shares, the days-to-cover ratio is currently 1.3 days. Based on an average daily volume of 7,184 shares, the days-to-cover ratio is currently 1.3 days. Currently, 0.3% of the company’s stock are short sold.

Institutional Trading of Ballast Small/Mid Cap ETF

Several large investors have recently added to or reduced their stakes in MGMT. Employees Retirement Fund of the City of Fort Worth bought a new position in shares of Ballast Small/Mid Cap ETF in the third quarter valued at approximately $2,502,000. Miller Global Investments LLC acquired a new stake in Ballast Small/Mid Cap ETF in the fourth quarter worth approximately $710,000. Atlas Brown Inc. bought a new position in Ballast Small/Mid Cap ETF during the 3rd quarter valued at $220,000. Finally, Janney Montgomery Scott LLC increased its position 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 valued at $1,540,000 after purchasing an additional 2,148 shares during the period.

Ballast Small/Mid Cap ETF Price Performance

MGMT opened at $47.43 on Friday. Ballast Small/Mid Cap ETF has a 12-month low of $32.09 and a 12-month high of $49.27. The stock has a market capitalization of $163.63 million, a PE ratio of 16.95 and a beta of 0.92. The firm’s fifty day moving average price is $45.80 and its 200 day moving average price is $43.96.

Ballast Small/Mid Cap ETF Dividend Announcement

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

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.