Monarch Dividend Plus Index ETF (BATS:MDPL) Sees Significant Drop in Short Interest

Monarch Dividend Plus Index ETF (BATS:MDPL) was the recipient of a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 1,023 shares, a decrease of 90.2% from the August 15th total of 10,486 shares. Based on an average trading volume of 6,723 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the company’s stock are sold short.

Institutional Trading of Monarch Dividend Plus Index ETF

A hedge fund recently raised its stake in Monarch Dividend Plus Index ETF stock. Goldman Sachs Group Inc. lifted its stake in Monarch Dividend Plus Index ETF (BATS:MDPL) by 3.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,922 shares of the company’s stock after purchasing an additional 821 shares during the quarter. Goldman Sachs Group Inc. owned 1.03% of Monarch Dividend Plus Index ETF worth $588,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Monarch Dividend Plus Index ETF Stock Down 0.3%

MDPL opened at $29.18 on Friday. The stock has a market cap of $63.61 million, a PE ratio of 12.20 and a beta of 0.69. The business has a 50 day moving average of $28.64 and a 200-day moving average of $26.91. Monarch Dividend Plus Index ETF has a 52 week low of $24.46 and a 52 week high of $31.17.

Monarch Dividend Plus Index ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were issued a $0.0885 dividend. This represents a $0.35 dividend on an annualized basis and a yield of 1.2%. This is a positive change from Monarch Dividend Plus Index ETF’s previous quarterly dividend of $0.08. The ex-dividend date was Thursday, June 25th.

Monarch Dividend Plus Index ETF Company Profile

The Monarch Dividend Plus Index ETF (MDPL) is an exchange-traded fund that is based on the Monarch Dividend Plus index. MPDL tracks an equal-weighted index of 30 dividend-paying stocks that are expected to provide dividend income and capital appreciation. MDPL was launched on Mar 6, 2024 and is issued by Monarch.