Monarch Volume Factor Dividend Tree Index ETF (BATS:MVFD) Sees Significant Drop in Short Interest

Monarch Volume Factor Dividend Tree Index ETF (BATS:MVFD) saw a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 9,393 shares, a decline of 77.5% from the April 30th total of 41,791 shares. Based on an average daily trading volume, of 10,944 shares, the short-interest ratio is presently 0.9 days. Approximately 0.3% of the shares of the stock are short sold.

Monarch Volume Factor Dividend Tree Index ETF Trading Down 0.1%

MVFD stock opened at $30.39 on Friday. Monarch Volume Factor Dividend Tree Index ETF has a 12-month low of $25.08 and a 12-month high of $31.86. The business’s 50-day moving average is $29.91 and its 200 day moving average is $29.58.

Institutional Investors Weigh In On Monarch Volume Factor Dividend Tree Index ETF

A hedge fund recently bought a new stake in Monarch Volume Factor Dividend Tree Index ETF stock. West Michigan Advisors LLC acquired a new position in Monarch Volume Factor Dividend Tree Index ETF (BATS:MVFD) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 7,648 shares of the company’s stock, valued at approximately $216,000. West Michigan Advisors LLC owned about 0.25% of Monarch Volume Factor Dividend Tree Index ETF at the end of the most recent quarter.

About Monarch Volume Factor Dividend Tree Index ETF

The Monarch Volume Factor Dividend Tree Index ETF (MVFD) is an exchange-traded fund that is based on the Monarch Volume Factor Dividend Tree index. The fund tracks an equal-weighted index comprised of US equities that are exhibiting positive cash flow and dividend-paying capabilities. The fund can toggle to short-term US Treasury securities when cash flow trend is negative. MVFD was launched on Mar 6, 2024 and is issued by Monarch.