Short Interest in Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) Increases By 152.4%

Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) was the recipient of a significant increase in short interest in the month of February. As of February 13th, there was short interest totaling 33,863 shares, an increase of 152.4% from the January 29th total of 13,416 shares. Approximately 1.0% of the shares of the company are short sold. Based on an average daily trading volume, of 29,399 shares, the days-to-cover ratio is currently 1.2 days. Based on an average daily trading volume, of 29,399 shares, the days-to-cover ratio is currently 1.2 days. Approximately 1.0% of the shares of the company are short sold.

Ballast Small/Mid Cap ETF Stock Performance

MGMT stock opened at $48.71 on Friday. The stock has a fifty day moving average of $47.55 and a 200-day moving average of $45.01. Ballast Small/Mid Cap ETF has a fifty-two week low of $32.09 and a fifty-two week high of $50.23. The company has a market capitalization of $168.05 million, a price-to-earnings ratio of 16.95 and a beta of 0.92.

Ballast Small/Mid Cap ETF Announces Dividend

The firm also recently announced an annual dividend, which was paid on Monday, January 5th. Shareholders 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.

Institutional Trading of Ballast Small/Mid Cap ETF

A number of institutional investors have recently modified their holdings of the business. Atlas Brown Inc. bought a new position in Ballast Small/Mid Cap ETF in the 3rd quarter worth approximately $220,000. Miller Global Investments LLC purchased a new stake in shares of Ballast Small/Mid Cap ETF during the fourth quarter worth $710,000. Finally, Employees Retirement Fund of the City of Fort Worth bought a new position in shares of Ballast Small/Mid Cap ETF in the third quarter worth $2,502,000.

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.