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

Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) saw a significant growth in short interest during the month of January. As of January 15th, there was short interest totaling 9,063 shares, a growth of 98.7% from the December 31st total of 4,561 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily volume of 7,184 shares, the short-interest ratio is presently 1.3 days. Based on an average daily volume of 7,184 shares, the short-interest ratio is presently 1.3 days. Approximately 0.3% of the shares of the stock are sold short.

Hedge Funds Weigh In On Ballast Small/Mid Cap ETF

A number of institutional investors have recently modified their holdings of MGMT. Atlas Brown Inc. acquired a new stake in Ballast Small/Mid Cap ETF during the third quarter worth approximately $220,000. Miller Global Investments LLC purchased a new position in shares of Ballast Small/Mid Cap ETF during the 4th quarter worth $710,000. Janney Montgomery Scott LLC boosted its holdings in shares of Ballast Small/Mid Cap ETF by 5.8% during the second 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 last quarter. Finally, Employees Retirement Fund of the City of Fort Worth purchased a new stake in shares of Ballast Small/Mid Cap ETF in the third quarter valued at $2,502,000.

Ballast Small/Mid Cap ETF Trading Down 2.9%

Shares of NYSEARCA:MGMT traded down $1.43 during midday trading on Friday, hitting $47.43. 10,812 shares of the stock were exchanged, compared to its average volume of 7,166. The stock has a market cap of $163.63 million, a P/E ratio of 16.95 and a beta of 0.92. Ballast Small/Mid Cap ETF has a twelve month low of $32.09 and a twelve month high of $49.27. The company has a 50 day moving average price of $45.69 and a 200-day moving average price of $43.89.

Ballast Small/Mid Cap ETF Announces Dividend

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