Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) Short Interest Up 98.7% in January

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

Institutional Investors Weigh In On Ballast Small/Mid Cap ETF

Several institutional investors have recently made changes to their positions in the company. Atlas Brown Inc. bought a new stake in shares of Ballast Small/Mid Cap ETF during the 3rd quarter worth approximately $220,000. Miller Global Investments LLC purchased a new stake in Ballast Small/Mid Cap ETF in the fourth quarter worth $710,000. Janney Montgomery Scott LLC increased its stake in Ballast Small/Mid Cap ETF by 5.8% in 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 during the period. Finally, Employees Retirement Fund of the City of Fort Worth purchased a new position in shares of Ballast Small/Mid Cap ETF during the third quarter worth approximately $2,502,000.

Ballast Small/Mid Cap ETF Trading Down 2.9%

Shares of NYSEARCA MGMT opened at $47.43 on Friday. The firm has a fifty day simple moving average of $45.80 and a two-hundred day simple moving average of $43.96. Ballast Small/Mid Cap ETF has a 12 month low of $32.09 and a 12 month high of $49.27. The firm has a market capitalization of $163.63 million, a PE ratio of 16.95 and a beta of 0.92.

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 given a dividend of $0.1507 per share. The ex-dividend date of this dividend was Tuesday, December 30th. This represents a dividend yield of 34.0%.

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.