Monarch Dividend Plus Index ETF (BATS:MDPL) Sees Large Increase in Short Interest

Monarch Dividend Plus Index ETF (BATS:MDPL) was the recipient of a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 3,621 shares, an increase of ∞ from the June 30th total of 0 shares. Based on an average daily trading volume, of 27,470 shares, the short-interest ratio is currently 0.1 days. Approximately 0.2% of the shares of the company are sold short.

Monarch Dividend Plus Index ETF Stock Performance

BATS:MDPL traded up $0.23 during mid-day trading on Wednesday, reaching $28.45. The stock had a trading volume of 6,841 shares, compared to its average volume of 12,293. The firm has a market capitalization of $62.02 million, a price-to-earnings ratio of 12.20 and a beta of 0.69. The business has a 50 day simple moving average of $26.05 and a 200 day simple moving average of $26.37. Monarch Dividend Plus Index ETF has a twelve month low of $24.46 and a twelve month high of $28.47.

Institutional Investors Weigh In On Monarch Dividend Plus Index ETF

An institutional investor recently raised its position in Monarch Dividend Plus Index ETF stock. Kingsview Wealth Management LLC raised its holdings in shares of Monarch Dividend Plus Index ETF (BATS:MDPL) by 0.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,059,198 shares of the company’s stock after acquiring an additional 8,830 shares during the quarter. Monarch Dividend Plus Index ETF makes up 0.8% of Kingsview Wealth Management LLC’s investment portfolio, making the stock its 23rd largest position. Kingsview Wealth Management LLC owned approximately 97.13% of Monarch Dividend Plus Index ETF worth $55,269,000 as of its most recent SEC filing.

About Monarch Dividend Plus Index ETF

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.