Short Interest in Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) Drops By 23.2%

Ballast Small/Mid Cap ETF (NYSEARCA:MGMT) was the target of a large drop in short interest during the month of February. As of February 27th, there was short interest totaling 26,014 shares, a drop of 23.2% from the February 12th total of 33,863 shares. Currently, 0.8% of the company’s shares are short sold. Based on an average daily trading volume, of 9,402 shares, the short-interest ratio is presently 2.8 days. Based on an average daily trading volume, of 9,402 shares, the short-interest ratio is presently 2.8 days. Currently, 0.8% of the company’s shares are short sold.

Ballast Small/Mid Cap ETF Price Performance

MGMT traded down $0.30 during trading hours on Friday, reaching $44.33. The company’s stock had a trading volume of 22,021 shares, compared to its average volume of 12,521. The stock has a market cap of $152.94 million, a PE ratio of 16.95 and a beta of 0.92. Ballast Small/Mid Cap ETF has a fifty-two week low of $32.09 and a fifty-two week high of $50.23. The business’s 50-day moving average is $47.90 and its 200-day moving average is $45.28.

Ballast Small/Mid Cap ETF Dividend Announcement

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

Institutional Trading of Ballast Small/Mid Cap ETF

Several institutional investors and hedge funds have recently bought and sold shares of MGMT. Atlas Brown Inc. purchased a new position in Ballast Small/Mid Cap ETF during the third quarter worth about $220,000. Miller Global Investments LLC acquired a new position in shares of Ballast Small/Mid Cap ETF in the 4th quarter worth approximately $710,000. Finally, Employees Retirement Fund of the City of Fort Worth acquired a new position in shares of Ballast Small/Mid Cap ETF in the 3rd quarter worth approximately $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.