Short Interest in Monarch ProCap Index ETF (BATS:MPRO) Expands By 111.2%

Monarch ProCap Index ETF (BATS:MPRO) saw a large increase in short interest during the month of July. As of July 31st, there was short interest totaling 33,631 shares, an increase of 111.2% from the July 15th total of 15,921 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average daily trading volume, of 17,499 shares, the short-interest ratio is currently 1.9 days.

Monarch ProCap Index ETF Stock Performance

Shares of BATS MPRO opened at $32.67 on Friday. Monarch ProCap Index ETF has a 1 year low of $30.02 and a 1 year high of $32.99. The firm has a market cap of $274.43 million, a price-to-earnings ratio of 24.22 and a beta of 0.55. The stock’s 50-day simple moving average is $32.62 and its 200-day simple moving average is $32.26.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Monarch ProCap Index ETF stock. Premier Financial Group acquired a new stake in shares of Monarch ProCap Index ETF (BATS:MPRO) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 3,995 shares of the company’s stock, valued at approximately $123,000. Monarch ProCap Index ETF makes up about 0.0% of Premier Financial Group’s investment portfolio, making the stock its 23rd biggest position.

About Monarch ProCap Index ETF

The Monarch ProCap ETF (MPRO) is an exchange-traded fund that is based on the Kingsview ProCap index. The fund tracks an index that allocates 90% to global equity and fixed income and 10% to alternatives, depending on the economic cycles. MPRO was launched on Mar 23, 2021 and is managed by Monarch.