Short Interest in Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) Expands By 24.3%

Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) was the target of a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 4,561 shares, a growth of 24.3% from the December 15th total of 3,669 shares. Based on an average daily trading volume, of 7,084 shares, the short-interest ratio is presently 0.6 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 trading volume, of 7,084 shares, the short-interest ratio is presently 0.6 days.

Institutional Trading of Ballast Small/Mid Cap ETF

Large investors have recently made changes to their positions in the business. Employees Retirement Fund of the City of Fort Worth acquired a new stake in shares of Ballast Small/Mid Cap ETF in the third quarter worth $2,502,000. Janney Montgomery Scott LLC grew its position in 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 purchasing an additional 2,148 shares during the period. Miller Global Investments LLC purchased a new position in shares of Ballast Small/Mid Cap ETF during the 4th quarter valued at about $710,000. Finally, Atlas Brown Inc. purchased a new position in shares of Ballast Small/Mid Cap ETF during the 3rd quarter valued at about $220,000.

Ballast Small/Mid Cap ETF Stock Down 0.5%

Shares of MGMT traded down $0.23 during trading hours on Monday, reaching $48.49. 2,352 shares of the company traded hands, compared to its average volume of 6,705. The business has a fifty day moving average price of $44.58 and a 200-day moving average price of $43.49. Ballast Small/Mid Cap ETF has a 12-month low of $32.09 and a 12-month high of $48.80. The stock 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 Dividend Announcement

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