Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) Sees Large Drop in Short Interest

Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) was the target of a significant decline in short interest in the month of December. As of December 15th, there was short interest totaling 3,669 shares, a decline of 26.2% from the November 30th total of 4,969 shares. Based on an average trading 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 short sold. Currently, 0.1% of the shares of the company are short sold. Based on an average trading 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 on Tuesday, hitting $44.73. 4,050 shares of the stock traded hands, compared to its average volume of 11,591. Ballast Small/Mid Cap ETF has a 1 year low of $32.09 and a 1 year high of $46.06. The stock’s 50 day moving average is $43.77 and its two-hundred day moving average is $42.83. The firm has a market capitalization of $156.56 million, a P/E ratio of 16.95 and a beta of 0.92.

Ballast Small/Mid Cap ETF Announces Dividend

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Janney Montgomery Scott LLC increased its holdings in shares of Ballast Small/Mid Cap ETF by 5.8% in the second quarter. Janney Montgomery Scott LLC now owns 39,006 shares of the company’s stock worth $1,540,000 after acquiring an additional 2,148 shares in the last quarter. Atlas Brown Inc. bought a new position in Ballast Small/Mid Cap ETF in the 3rd quarter valued at approximately $220,000. Finally, Employees Retirement Fund of the City of Fort Worth bought a new stake in Ballast Small/Mid Cap ETF during the third quarter valued at $2,502,000.

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.