Short Interest in Monarch Dividend Plus Index ETF (BATS:MDPL) Expands By 239.2%

Monarch Dividend Plus Index ETF (BATS:MDPL) was the target of a large increase in short interest in June. As of June 15th, there was short interest totaling 2,398 shares, an increase of 239.2% from the May 31st total of 707 shares. Based on an average daily volume of 9,871 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s stock are short sold.

Institutional Investors Weigh In On Monarch Dividend Plus Index ETF

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

Monarch Dividend Plus Index ETF Stock Performance

Shares of MDPL stock opened at $24.98 on Friday. Monarch Dividend Plus Index ETF has a 52 week low of $24.46 and a 52 week high of $28.15. The company’s 50 day moving average price is $26.04 and its two-hundred day moving average price is $26.50. The company has a market capitalization of $54.46 million, a P/E ratio of 12.20 and a beta of 0.69.

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.