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

Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) saw a large 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. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 9,233 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily 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.

Institutional Investors Weigh In On Ballast Small/Mid Cap ETF

A number of institutional investors have recently added to or reduced their stakes in MGMT. Janney Montgomery Scott LLC raised its stake 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. purchased a new stake in shares of Ballast Small/Mid Cap ETF in the third quarter valued at approximately $220,000. 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 $2,502,000.

Ballast Small/Mid Cap ETF Stock Performance

Shares of Ballast Small/Mid Cap ETF stock opened at $44.33 on Thursday. Ballast Small/Mid Cap ETF has a one year low of $32.09 and a one year high of $46.06. The company has a market cap of $155.16 million, a P/E ratio of 16.95 and a beta of 0.92. The firm has a fifty day moving average of $43.79 and a two-hundred day moving average of $42.84.

Ballast Small/Mid Cap ETF Dividend Announcement

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