Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) Short Interest Up 24.3% in December

Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) saw a significant increase in short interest in the month of December. As of December 31st, there was short interest totaling 4,561 shares, an increase of 24.3% from the December 15th total of 3,669 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily trading volume, of 7,084 shares, the short-interest ratio is presently 0.6 days. Based on an average daily trading volume, of 7,084 shares, the short-interest ratio is presently 0.6 days. Approximately 0.1% of the shares of the company are sold short.

Ballast Small/Mid Cap ETF Trading Down 0.5%

Shares of NYSEARCA MGMT opened at $48.49 on Tuesday. The stock has a market cap of $167.29 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 $48.80. The stock has a 50 day moving average of $44.69 and a two-hundred day moving average of $43.54.

Ballast Small/Mid Cap ETF Dividend Announcement

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

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. 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 about $2,502,000. Miller Global Investments LLC acquired a new position in Ballast Small/Mid Cap ETF in the 4th quarter valued at about $710,000. Atlas Brown Inc. acquired a new position in Ballast Small/Mid Cap ETF in the 3rd quarter valued at about $220,000. Finally, Janney Montgomery Scott LLC raised its stake in 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 valued at $1,540,000 after acquiring an additional 2,148 shares during the last quarter.

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.