Short Interest in Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) Expands By 30.3%

Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) was the target of a significant growth in short interest during the month of March. As of March 13th, there was short interest totaling 33,895 shares, a growth of 30.3% from the February 26th total of 26,014 shares. Based on an average daily trading volume, of 9,319 shares, the short-interest ratio is currently 3.6 days. Approximately 1.0% of the company’s shares are sold short.

Institutional Investors Weigh In On Ballast Small/Mid Cap ETF

Several large investors have recently added to or reduced their stakes in the business. Atlas Brown Inc. bought a new stake in Ballast Small/Mid Cap ETF in the third quarter worth approximately $220,000. Miller Global Investments LLC bought a new position in shares of Ballast Small/Mid Cap ETF during the 4th quarter worth approximately $710,000. Finally, Employees Retirement Fund of the City of Fort Worth bought a new position in shares of Ballast Small/Mid Cap ETF during the 3rd quarter worth approximately $2,502,000.

Ballast Small/Mid Cap ETF Trading Down 1.1%

MGMT stock traded down $0.49 during midday trading on Friday, hitting $44.63. The stock had a trading volume of 11,915 shares, compared to its average volume of 11,170. The firm has a market cap of $153.97 million, a P/E ratio of 16.95 and a beta of 0.92. The business has a fifty day moving average price of $47.46 and a two-hundred day moving average price of $45.34. Ballast Small/Mid Cap ETF has a 1-year low of $32.09 and a 1-year high of $50.23.

Ballast Small/Mid Cap ETF Dividend Announcement

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

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.