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

Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) was the recipient of a large 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. Approximately 0.3% of the company’s stock are sold short. Based on an average daily volume of 7,184 shares, the short-interest ratio is currently 1.3 days. Based on an average daily volume of 7,184 shares, the short-interest ratio is currently 1.3 days. Approximately 0.3% of the company’s stock are sold short.

Institutional Trading of Ballast Small/Mid Cap ETF

Large investors have recently made changes to their positions in the company. Janney Montgomery Scott LLC raised its holdings 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 worth $1,540,000 after buying an additional 2,148 shares in the last quarter. Atlas Brown Inc. bought a new position in Ballast Small/Mid Cap ETF in the third quarter valued at about $220,000. Miller Global Investments LLC bought a new position in Ballast Small/Mid Cap ETF in the fourth quarter valued at about $710,000. Finally, Employees Retirement Fund of the City of Fort Worth acquired a new position in Ballast Small/Mid Cap ETF during the third quarter worth about $2,502,000.

Ballast Small/Mid Cap ETF Trading Down 2.9%

Shares of NYSEARCA MGMT traded down $1.43 during mid-day trading on Friday, hitting $47.43. The company had a trading volume of 10,812 shares, compared to its average volume of 7,166. The company has a market capitalization of $163.63 million, a PE ratio of 16.95 and a beta of 0.92. The firm has a 50-day simple moving average of $45.69 and a two-hundred day simple moving average of $43.89. Ballast Small/Mid Cap ETF has a one year low of $32.09 and a one year high of $49.27.

Ballast Small/Mid Cap ETF Announces Dividend

The business also recently announced an annual dividend, which was paid on Monday, January 5th. Stockholders of record on Tuesday, December 30th were paid a dividend of $0.1507 per share. This represents a dividend 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.